Lansforsakringar Fondforvaltning AB publ Has $8.20 Million Stock Position in Eversource Energy $ES

Lansforsakringar Fondforvaltning AB publ lifted its position in shares of Eversource Energy (NYSE:ES) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,298 shares of the utilities provider’s stock after purchasing an additional 7,956 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Eversource Energy were worth $8,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Eversource Energy during the second quarter worth $274,744,000. Lazard Asset Management LLC boosted its position in shares of Eversource Energy by 43,905.7% during the 2nd quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock valued at $171,309,000 after acquiring an additional 2,686,588 shares in the last quarter. LSV Asset Management increased its stake in Eversource Energy by 331.5% in the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock valued at $111,446,000 after acquiring an additional 1,203,563 shares during the period. Vanguard Group Inc. raised its position in Eversource Energy by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after purchasing an additional 1,161,708 shares in the last quarter. Finally, Covalis Capital LLP acquired a new position in Eversource Energy in the second quarter worth about $71,377,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

Shares of NYSE:ES opened at $74.88 on Tuesday. The business has a fifty day moving average of $69.12 and a 200-day moving average of $68.79. The firm has a market cap of $28.12 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 3.18 and a beta of 0.77. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $75.25.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s payout ratio is currently 65.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ES shares. Scotiabank decreased their price objective on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Thursday, November 20th. Mizuho boosted their price target on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. BMO Capital Markets upped their price target on Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. UBS Group dropped their price objective on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $71.00 to $78.00 in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $73.90.

Insider Activity

In other news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the sale, the insider owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president directly owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is owned by company insiders.

Eversource Energy 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.