California State Teachers Retirement System decreased its holdings in shares of Eversource Energy (NYSE:ES – Free Report) by 1.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,009,933 shares of the utilities provider’s stock after selling 12,888 shares during the period. California State Teachers Retirement System’s holdings in Eversource Energy were worth $69,968,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC bought a new position in Eversource Energy in the 4th quarter worth about $25,000. Activest Wealth Management boosted its position in shares of Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 374 shares during the last quarter. TFC Financial Management Inc. boosted its position in shares of Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Eversource Energy during the fourth quarter worth about $28,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Eversource Energy during the fourth quarter worth about $29,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.
Key Eversource Energy News
Here are the key news stories impacting Eversource Energy this week:
- Positive Sentiment: Eversource reaffirmed its fiscal 2026 recurring EPS guidance of $4.57–$4.72, broadly consistent with the analyst consensus of about $4.65. Management’s ability to maintain its forecast may help limit downside concerns. Eversource Energy Reaffirms 2026 Guidance Despite Earnings Decline
- Neutral Sentiment: Second-quarter non-GAAP recurring earnings were $0.87 per share, in line with some reported consensus estimates but $0.01 below the Zacks estimate. Revenue increased 2.3% year over year to $2.90 billion, though it fell short of the $2.99 billion consensus. Eversource Energy Misses Q2 Earnings and Revenue Estimates
- Neutral Sentiment: Institutional positioning was mixed in the latest quarter, with 527 investors adding Eversource shares and 384 reducing their holdings. This suggests differing views on the utility’s earnings outlook.
- Negative Sentiment: GAAP earnings fell sharply to $53.7 million, or $0.14 per diluted share, from $352.7 million, or $0.96 per share, a year earlier. Results included a $111.4 million after-tax charge related to the Aquarion Water sale and a $164.0 million after-tax charge tied to increased offshore-wind contingent liabilities. Eversource Energy Reports Second Quarter 2026 Results
- Negative Sentiment: The earnings decline from $0.96 per share last year, the revenue shortfall, and continuing offshore-wind liability risk are likely weighing on sentiment. Reported insider activity also showed eight sales and no purchases over the past six months, although those transactions may not directly reflect current operating expectations.
Eversource Energy Stock Performance
Eversource Energy (NYSE:ES – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts predict that Eversource Energy will post 4.64 earnings per share for the current fiscal year.
Eversource Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is currently 67.31%.
Insider Activity at Eversource Energy
In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. BMO Capital Markets cut their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Citigroup reissued a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a report on Monday. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.58.
Read Our Latest Stock Analysis on Eversource Energy
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.
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