Pensionfund Sabic Invests $1.30 Million in Eversource Energy $ES

Pensionfund Sabic bought a new stake in shares of Eversource Energy (NYSE:ES) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,300 shares of the utilities provider’s stock, valued at approximately $1,299,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in Eversource Energy in the third quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Eversource Energy during the 3rd quarter valued at $27,000. Johnson Financial Group Inc. raised its holdings in Eversource Energy by 73.5% in the 3rd quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 197 shares in the last quarter. BOKF NA raised its holdings in Eversource Energy by 23,700.0% in the 3rd quarter. BOKF NA now owns 476 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 474 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Eversource Energy in the 2nd quarter worth about $31,000. Institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

ES has been the topic of a number of research reports. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $71.00 to $78.00 in a research note on Tuesday, February 17th. UBS Group decreased their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Bank of America restated a “buy” rating on shares of Eversource Energy in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, Argus raised Eversource Energy to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.90.

Insider Transactions at Eversource Energy

In related news, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,381 shares of company stock valued at $1,211,079. Insiders own 0.19% of the company’s stock.

Eversource Energy Price Performance

ES stock opened at $67.42 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a 50 day moving average price of $71.47 and a 200-day moving average price of $70.00. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41. The firm has a market capitalization of $25.32 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 2.93 and a beta of 0.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Equities research analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s payout ratio is currently 68.93%.

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.