Swiss Life Asset Management Ltd Has $36.68 Million Position in Eversource Energy $ES

Swiss Life Asset Management Ltd lessened its position in Eversource Energy (NYSE:ES) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 515,561 shares of the utilities provider’s stock after selling 18,967 shares during the period. Swiss Life Asset Management Ltd’s holdings in Eversource Energy were worth $36,677,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Eversource Energy by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock valued at $3,330,374,000 after buying an additional 1,161,708 shares during the period. State Street Corp raised its stake in Eversource Energy by 1.7% during the 2nd quarter. State Street Corp now owns 27,343,038 shares of the utilities provider’s stock worth $1,739,564,000 after buying an additional 465,822 shares during the period. Magellan Asset Management Ltd raised its stake in Eversource Energy by 6.5% during the 3rd quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock worth $526,919,000 after buying an additional 454,658 shares during the period. Victory Capital Management Inc. raised its stake in Eversource Energy by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 5,900,662 shares of the utilities provider’s stock worth $419,773,000 after buying an additional 505,489 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Eversource Energy by 1.3% during the third quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock worth $361,996,000 after acquiring an additional 63,466 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho boosted their target price on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Monday, November 24th. BMO Capital Markets boosted their price objective 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. Bank of America reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, March 2nd. Finally, Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.30.

Insiders Place Their Bets

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of the company’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 completion of the transaction, the executive vice president owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Y. Kim sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the transaction, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,381 shares of company stock valued at $1,211,079 in the last quarter. 0.41% of the stock is currently owned by insiders.

Eversource Energy Price Performance

ES stock opened at $72.92 on Thursday. The stock has a 50-day moving average price of $71.49 and a two-hundred day moving average price of $69.83. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $76.41. The stock has a market cap of $27.38 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

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

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio (DPR) is presently 68.93%.

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.