KBC Group NV Has $31.05 Million Stake in Eversource Energy $ES

KBC Group NV raised its stake in Eversource Energy (NYSE:ES) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,175 shares of the utilities provider’s stock after acquiring an additional 11,083 shares during the period. KBC Group NV owned approximately 0.12% of Eversource Energy worth $31,050,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Eversource Energy in the 4th quarter valued at $1,158,000. F m Investments LLC purchased a new stake in shares of Eversource Energy during the 4th quarter worth $4,854,000. SG Americas Securities LLC boosted its position in Eversource Energy by 15,804.4% during the fourth quarter. SG Americas Securities LLC now owns 264,808 shares of the utilities provider’s stock valued at $17,830,000 after purchasing an additional 263,143 shares in the last quarter. John G Ullman & Associates Inc. boosted its position in Eversource Energy by 19.6% during the fourth quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock valued at $13,116,000 after purchasing an additional 31,875 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in Eversource Energy by 118.5% in the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after purchasing an additional 132,300 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ES. Wells Fargo & Company boosted their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. 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. 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 research note on Thursday, March 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Eversource Energy in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.91.

Insiders Place Their Bets

In related news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Eversource Energy Trading Down 0.8%

Shares of Eversource Energy stock opened at $74.00 on Tuesday. The firm has a 50-day simple moving average of $70.85 and a two-hundred day simple moving average of $70.35. 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 fifty-two week low of $61.53 and a fifty-two week high of $76.41. The company has a market cap of $27.83 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 4.94 and a beta of 0.70.

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, beating 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 firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Eversource Energy’s quarterly revenue 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 predict that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a $0.7875 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Eversource Energy 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.