NFJ Investment Group LLC Has $18.23 Million Stock Position in Eversource Energy $ES

NFJ Investment Group LLC decreased its position in Eversource Energy (NYSE:ESFree Report) by 22.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 270,704 shares of the utilities provider’s stock after selling 76,597 shares during the period. NFJ Investment Group LLC’s holdings in Eversource Energy were worth $18,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new position in Eversource Energy in the 4th quarter worth $25,000. Activest Wealth Management boosted its stake in Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the period. TFC Financial Management Inc. boosted its stake in Eversource Energy by 2,857.1% in the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares during the period. Key Capital Management INC acquired a new position in Eversource Energy in the 4th quarter worth $29,000. Finally, Godfrey Financial Associates Inc. acquired a new position in Eversource Energy in the 4th quarter worth $29,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Up 0.4%

Eversource Energy stock opened at $68.70 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a 50-day moving average of $68.83 and a 200-day moving average of $69.30. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 4.55 and a beta of 0.71. Eversource Energy has a one year low of $61.53 and a one year high of $76.41.

Eversource Energy (NYSE:ESGet Free Report) last issued its earnings results 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. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. Eversource Energy’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts expect 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 will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio is presently 67.31%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ES. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Scotiabank reduced their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Tuesday, April 21st. Bank of America reaffirmed a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company upped their target price on shares of Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average price target of $71.70.

Check Out Our Latest Analysis on ES

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Eversource Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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