Cohen & Steers Inc. purchased a new stake in shares of Eversource Energy (NYSE:ES – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,557,233 shares of the utilities provider’s stock, valued at approximately $104,848,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Eversource Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock valued at $3,198,996,000 after buying an additional 697,829 shares during the last quarter. Geode Capital Management LLC boosted its stake in Eversource Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after buying an additional 194,781 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in Eversource Energy by 6.5% during the third quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock valued at $526,919,000 after buying an additional 454,658 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Eversource Energy by 9.4% during the third quarter. Victory Capital Management Inc. now owns 5,900,662 shares of the utilities provider’s stock valued at $419,773,000 after buying an additional 505,489 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Eversource Energy by 78.1% during the fourth quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after buying an additional 2,341,912 shares during the last quarter. 79.99% of the stock is owned by institutional investors.
Insider Transactions at Eversource Energy
In related news, VP Gregory B. Butler sold 7,000 shares of the 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 transaction, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on ES
Eversource Energy Trading Up 0.4%
Shares of NYSE ES opened at $68.70 on Friday. 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’s 50 day moving average price is $68.83 and its 200-day moving average price is $69.30. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 4.53 and a beta of 0.71.
Eversource Energy (NYSE:ES – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the business posted $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. On average, sell-side analysts expect that Eversource Energy will post 4.65 earnings per share for the current 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. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.6%. Eversource Energy’s dividend payout ratio is 67.31%.
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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