Securian Asset Management Inc. Sells 7,707 Shares of Eversource Energy $ES

Securian Asset Management Inc. lessened its position in shares of Eversource Energy (NYSE:ES) by 43.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,187 shares of the utilities provider’s stock after selling 7,707 shares during the quarter. Securian Asset Management Inc.’s holdings in Eversource Energy were worth $686,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Eversource Energy during the 3rd quarter valued at about $26,000. Lodestone Wealth Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $27,000. Activest Wealth Management raised its stake in shares of Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares during the last quarter. Finally, TFC Financial Management Inc. raised its stake in shares of Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after buying an additional 400 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America restated a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. UBS Group cut their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Wells Fargo & Company raised their target price on Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. BMO Capital Markets decreased their target price on Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $71.70.

Eversource Energy Price Performance

ES opened at $68.82 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. Eversource Energy has a 12 month low of $60.75 and a 12 month high of $76.41. The company has a fifty day simple moving average of $69.70 and a 200 day simple moving average of $69.77. The stock has a market cap of $25.88 billion, a P/E ratio of 14.70, a P/E/G ratio of 4.52 and a beta of 0.74.

Eversource Energy (NYSE:ES) last announced its earnings results 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 analyst estimates of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts expect that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

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

Insider Transactions at Eversource Energy

In related news, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares in the company, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president owned 43,269 shares of the company’s stock, valued at $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. Insiders sold a total of 16,381 shares of company stock worth $1,211,079 in the last three months. Insiders own 0.18% of the company’s stock.

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.