Swiss Life Asset Management Ltd Lowers Stock Position in Eversource Energy $ES

Swiss Life Asset Management Ltd lowered its position in Eversource Energy (NYSE:ES) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,854 shares of the utilities provider’s stock after selling 133,707 shares during the period. Swiss Life Asset Management Ltd’s holdings in Eversource Energy were worth $25,710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor OS LLC raised its holdings in shares of Eversource Energy by 5.1% in the fourth quarter. Advisor OS LLC now owns 5,785 shares of the utilities provider’s stock valued at $389,000 after purchasing an additional 281 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in shares of Eversource Energy in the fourth quarter valued at about $504,000. F m Investments LLC purchased a new stake in shares of Eversource Energy in the fourth quarter valued at about $4,854,000. Crossmark Global Holdings Inc. raised its holdings in shares of Eversource Energy by 1.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 20,031 shares of the utilities provider’s stock valued at $1,349,000 after purchasing an additional 191 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Eversource Energy by 5.8% in the fourth quarter. Ballentine Partners LLC now owns 7,261 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ES shares. Mizuho lowered their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Bank of America reiterated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Finally, BMO Capital Markets decreased 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 report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $71.70.

Eversource Energy Stock Performance

NYSE ES opened at $67.17 on Tuesday. Eversource Energy has a 52-week low of $60.62 and a 52-week high of $76.41. The company has a 50-day simple moving average of $70.09 and a 200 day simple moving average of $69.88. 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 company has a market capitalization of $25.26 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 4.41 and a beta of 0.74.

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

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be paid a $0.7875 dividend. The ex-dividend date is Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.7%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

Insider Transactions at Eversource Energy

In other news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider owned 12,339 shares in the company, valued at $907,780.23. This trade represents a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cotton M. Cleveland sold 2,581 shares of Eversource Energy stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the transaction, the insider owned 79,364 shares of the company’s stock, valued at $5,941,982.68. The trade was a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,381 shares of company stock worth $1,211,079 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.