Leonteq Securities AG Grows Stock Holdings in Eversource Energy $ES

Leonteq Securities AG grew its position in Eversource Energy (NYSE:ESFree Report) by 44,895.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,447 shares of the utilities provider’s stock after buying an additional 27,386 shares during the quarter. Leonteq Securities AG’s holdings in Eversource Energy were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Eversource Energy during the 1st quarter worth about $8,449,000. Platform Technology Partners purchased a new position in Eversource Energy during the 1st quarter valued at about $203,000. Keybank National Association OH grew its position in Eversource Energy by 32.6% in the 1st quarter. Keybank National Association OH now owns 10,727 shares of the utilities provider’s stock valued at $743,000 after acquiring an additional 2,637 shares in the last quarter. Root Financial Partners LLC grew its position in Eversource Energy by 115.1% in the 1st quarter. Root Financial Partners LLC now owns 1,157 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 619 shares in the last quarter. Finally, Twin City Private Wealth LLC increased its stake in Eversource Energy by 3.2% during the first quarter. Twin City Private Wealth LLC now owns 13,637 shares of the utilities provider’s stock worth $945,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ES shares. UBS Group reduced their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Finally, Bank of America reissued a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average target price of $71.91.

View Our Latest Analysis on Eversource Energy

Eversource Energy Price Performance

Shares of NYSE ES opened at $74.30 on Friday. The stock’s 50-day moving average is $69.41 and its two-hundred day moving average is $69.76. 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 has a 1-year low of $61.53 and a 1-year high of $76.41. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70.

Eversource Energy (NYSE:ESGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) 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 business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the business posted $1.50 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts forecast that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 4.2%. Eversource Energy’s payout ratio is currently 67.31%.

Eversource Energy Company 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.

Further Reading

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

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