Maryland State Retirement & Pension System Purchases 10,322 Shares of Eversource Energy $ES

Maryland State Retirement & Pension System lifted its position in shares of Eversource Energy (NYSE:ES) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 372,192 shares of the utilities provider’s stock after acquiring an additional 10,322 shares during the period. Maryland State Retirement & Pension System owned approximately 0.10% of Eversource Energy worth $25,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ES. Aventail Capital Group LP increased its position in Eversource Energy by 134.6% during the 3rd quarter. Aventail Capital Group LP now owns 1,366,121 shares of the utilities provider’s stock worth $97,186,000 after purchasing an additional 783,768 shares in the last quarter. Russell Investments Group Ltd. increased its position in Eversource Energy by 87.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,060,902 shares of the utilities provider’s stock worth $75,461,000 after purchasing an additional 494,158 shares in the last quarter. Legal & General Group Plc increased its position in Eversource Energy by 1.3% during the 3rd quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock worth $361,996,000 after purchasing an additional 63,466 shares in the last quarter. Brick & Kyle Associates acquired a new position in Eversource Energy during the 3rd quarter worth approximately $7,067,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Eversource Energy during the 4th quarter worth approximately $1,158,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.8%

Shares of NYSE ES opened at $69.79 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The firm has a 50 day moving average price of $68.83 and a two-hundred day moving average price of $69.37. The stock has a market cap of $26.25 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 4.58 and a beta of 0.72.

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

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be given a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ES. BMO Capital Markets lowered their price objective on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Finally, Bank of America reiterated a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $71.70.

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.