Victory Capital Management Inc. grew its stake in Eversource Energy (NYSE:ES – Free Report) by 61.8% during the fourth quarter, HoldingsChannel reports. The firm owned 9,546,217 shares of the utilities provider’s stock after purchasing an additional 3,645,555 shares during the quarter. Victory Capital Management Inc.’s holdings in Eversource Energy were worth $642,747,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Lodestone Wealth Management LLC acquired a new position in shares of Eversource Energy in the fourth quarter valued at approximately $25,000. Activest Wealth Management increased its holdings in shares of Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 374 shares during the period. TFC Financial Management Inc. increased its holdings in shares of Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 400 shares during the period. Key Capital Management INC acquired a new position in shares of Eversource Energy in the fourth quarter valued at approximately $29,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Eversource Energy in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.
Insiders Place Their Bets
In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Eversource Energy
Eversource Energy Stock Performance
NYSE ES opened at $68.70 on Friday. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. The company has a market capitalization of $25.84 billion, a P/E ratio of 14.68, a PEG ratio of 4.53 and a beta of 0.71. The business has a 50 day moving average price of $68.83 and a 200 day moving average price of $69.30. 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 (NYSE:ES – Get Free Report) last released its quarterly earnings data 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 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 period last year, the business posted $1.50 EPS. 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. Sell-side analysts expect that Eversource Energy will post 4.65 EPS for the current fiscal year.
Eversource Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.
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.
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