Oddo BHF Asset Management Sas Increases Stock Position in Eversource Energy $ES

Oddo BHF Asset Management Sas boosted its holdings in shares of Eversource Energy (NYSE:ES) by 28.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,123 shares of the utilities provider’s stock after purchasing an additional 10,544 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Eversource Energy were worth $3,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Eversource Energy by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock worth $3,198,996,000 after purchasing an additional 697,829 shares during the last quarter. State Street Corp increased its holdings in Eversource Energy by 4.7% during the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after purchasing an additional 1,265,802 shares during the last quarter. Geode Capital Management LLC increased its holdings in Eversource Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock worth $646,233,000 after purchasing an additional 194,781 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after purchasing an additional 3,645,555 shares during the last quarter. Finally, Magellan Asset Management Ltd increased its holdings 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 purchasing an additional 454,658 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ES. BMO Capital Markets dropped their price objective on Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. increased their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. UBS Group reduced their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Finally, Bank of America reaffirmed a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.70.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

Eversource Energy Stock Up 0.8%

ES stock opened at $69.79 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. The firm has a fifty day moving average price of $68.83 and a two-hundred day moving average price of $69.37. The firm has a market cap of $26.25 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 4.58 and a beta of 0.71.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 annualized dividend and a yield of 4.5%. Eversource Energy’s payout ratio is presently 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.