Eversource Energy $ES Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its holdings in shares of Eversource Energy (NYSE:ES) by 11.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 109,855 shares of the utilities provider’s stock after selling 14,418 shares during the period. IFM Investors Pty Ltd’s holdings in Eversource Energy were worth $7,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ES. Vanguard Group Inc. raised its position in Eversource Energy by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock valued at $3,198,996,000 after purchasing an additional 697,829 shares during the period. State Street Corp boosted its position in shares of Eversource Energy by 4.7% in the fourth quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after buying an additional 1,265,802 shares during the period. Geode Capital Management LLC boosted its position in shares of Eversource Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock worth $646,233,000 after buying an additional 194,781 shares during the period. Victory Capital Management Inc. grew its stake in shares of Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after buying an additional 3,645,555 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Eversource Energy by 4.2% in the fourth quarter. Morgan Stanley now owns 5,879,604 shares of the utilities provider’s stock valued at $395,874,000 after buying an additional 238,723 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Eversource Energy Stock Up 2.9%

Shares of NYSE ES opened at $74.30 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. The stock’s 50-day simple moving average is $69.41 and its 200-day simple moving average is $69.76. The firm has a market cap of $27.94 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 4.78 and a beta of 0.70.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating 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 firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the business posted $1.50 earnings per share. Eversource Energy’s revenue for the quarter was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Scotiabank lowered their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Eversource Energy in a research note on Wednesday. Finally, Bank of America reissued a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.91.

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.