Northwestern Mutual Wealth Management Co. Increases Stock Position in Eversource Energy $ES

Northwestern Mutual Wealth Management Co. boosted its stake in Eversource Energy (NYSE:ES) by 23,707.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,649,747 shares of the utilities provider’s stock after buying an additional 4,630,216 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Eversource Energy were worth $313,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of ES. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy in the fourth quarter valued at $25,000. Root Financial Partners LLC purchased a new stake in Eversource Energy in the third quarter valued at $26,000. Activest Wealth Management lifted its position in Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 374 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Eversource Energy in the third quarter valued at $27,000. Finally, TFC Financial Management Inc. lifted its position in Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ES shares. Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. BMO Capital Markets dropped their price objective on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Finally, Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $71.70.

Insider Buying and Selling

In related news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John M. Moreira sold 7,800 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the transaction, the executive vice president directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,381 shares of company stock valued at $1,211,079 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy Trading Down 2.3%

NYSE ES opened at $67.26 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market cap of $25.29 billion, a PE ratio of 14.37, a P/E/G ratio of 4.56 and a beta of 0.74. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The firm’s fifty day moving average is $69.54 and its two-hundred day moving average is $69.75.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. Eversource Energy’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be issued a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio is currently 67.31%.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.