The Manufacturers Life Insurance Company reduced its holdings in shares of Eversource Energy (NYSE:ES – Free Report) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 741,978 shares of the utilities provider’s stock after selling 10,681 shares during the period. The Manufacturers Life Insurance Company’s holdings in Eversource Energy were worth $51,404,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ES. Empowered Funds LLC increased its holdings in Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after buying an additional 8,984 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Eversource Energy by 115.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after buying an additional 801 shares in the last quarter. Schnieders Capital Management LLC. grew its position in shares of Eversource Energy by 87.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after buying an additional 27,332 shares during the period. Finally, Brown Advisory Inc. grew its position in shares of Eversource Energy by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after buying an additional 349 shares during the period. 79.99% of the stock is owned by institutional investors.
Insider Activity at Eversource Energy
In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Eversource Energy
Eversource Energy Price Performance
ES stock opened at $74.80 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The business has a 50-day simple moving average of $71.71 and a two-hundred day simple moving average of $70.71. The company has a market capitalization of $28.13 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 5.56 and a beta of 0.70. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57.
Eversource Energy (NYSE:ES – Get Free Report) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the company earned $1.50 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts expect that Eversource Energy will post 4.64 EPS for the current fiscal year.
Eversource Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were paid a $0.7875 dividend. The ex-dividend date was Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. Eversource Energy’s dividend payout ratio 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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