Eversource Energy $ES Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lowered its stake in Eversource Energy (NYSE:ES) by 17.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 320,193 shares of the utilities provider’s stock after selling 66,300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Eversource Energy were worth $21,559,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. United Asset Strategies Inc. grew its stake in Eversource Energy by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after acquiring an additional 138 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in Eversource Energy by 1.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after acquiring an additional 142 shares during the period. Mystic Asset Management Inc. grew its stake in Eversource Energy by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after acquiring an additional 150 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Eversource Energy by 3.3% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 162 shares during the period. Finally, Parallel Advisors LLC grew its stake in Eversource Energy by 4.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock valued at $259,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analysts Set New Price Targets

ES has been the topic of several recent research reports. Scotiabank lowered their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday. UBS Group lowered their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Argus raised shares of Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $71.80.

Insider Activity at Eversource Energy

In related news, EVP John M. Moreira sold 7,800 shares of the business’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 sale, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’s 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 completion of the sale, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 16,381 shares of company stock worth $1,211,079. Company insiders own 0.18% of the company’s stock.

Eversource Energy Stock Up 0.3%

NYSE ES opened at $66.99 on Thursday. Eversource Energy has a 52 week low of $57.35 and a 52 week high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The business’s fifty day simple moving average is $71.23 and its 200-day simple moving average is $70.20. The firm has a market cap of $25.18 billion, a PE ratio of 14.66, a P/E/G ratio of 3.65 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 EPS 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 business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The company’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. As a group, equities analysts anticipate that Eversource Energy will post 4.77 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th were issued a dividend of $0.7875 per share. The ex-dividend date was Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.7%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 68.93%.

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.