Forsta AP Fonden Boosts Holdings in Eversource Energy $ES

Forsta AP Fonden grew its position in Eversource Energy (NYSE:ES) by 118.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,900 shares of the utilities provider’s stock after buying an additional 132,300 shares during the period. Forsta AP Fonden’s holdings in Eversource Energy were worth $16,422,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lodestone Wealth Management LLC purchased a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $25,000. Activest Wealth Management grew its stake in shares of Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after buying an additional 374 shares during the period. TFC Financial Management Inc. grew its stake in shares of Eversource Energy by 2,857.1% in the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after buying an additional 400 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. Finally, Key Capital Management INC purchased a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Bank of America reissued a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Scotiabank lowered their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Finally, Mizuho lowered their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.70.

Eversource Energy Stock Performance

NYSE:ES opened at $68.40 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 stock has a market capitalization of $25.72 billion, a P/E ratio of 14.61, a PEG ratio of 4.52 and a beta of 0.74. The company has a 50 day moving average price of $68.70 and a 200 day moving average price of $69.45. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41.

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

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. Eversource Energy’s dividend payout ratio is 67.31%.

About Eversource Energy

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.