LSV Asset Management Has $104.13 Million Position in Eversource Energy $ES

LSV Asset Management reduced its stake in shares of Eversource Energy (NYSE:ES) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,546,593 shares of the utilities provider’s stock after selling 19,984 shares during the quarter. LSV Asset Management’s holdings in Eversource Energy were worth $104,132,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ES. Evoke Wealth LLC lifted its holdings in shares of Eversource Energy by 10.5% during the 4th quarter. Evoke Wealth LLC now owns 4,161 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 394 shares in the last quarter. FourThought Financial Partners LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at about $353,000. Global Retirement Partners LLC lifted its holdings in shares of Eversource Energy by 86.5% during the 4th quarter. Global Retirement Partners LLC now owns 14,460 shares of the utilities provider’s stock valued at $974,000 after purchasing an additional 6,707 shares in the last quarter. Mach 1 Financial Group LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at about $300,000. Finally, IFP Advisors Inc lifted its holdings in shares of Eversource Energy by 10.9% during the 4th quarter. IFP Advisors Inc now owns 3,428 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 336 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, the insider owned 79,364 shares in the company, valued at $5,941,982.68. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ES has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Mizuho cut their price objective on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Argus upgraded Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.70.

Eversource Energy Trading Up 0.6%

Shares of Eversource Energy stock opened at $70.02 on Friday. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The stock has a market cap of $26.33 billion, a P/E ratio of 14.96, a P/E/G ratio of 4.64 and a beta of 0.74. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $69.05 and its 200-day moving average is $69.58.

Eversource Energy (NYSE:ES) last announced 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 return on equity of 11.59% and a net margin of 12.55%.The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The business’s 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. Equities research analysts predict that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business 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. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio is currently 67.31%.

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.