Easterly Investment Partners LLC Trims Position in Eversource Energy $ES

Easterly Investment Partners LLC decreased its position in shares of Eversource Energy (NYSE:ES) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 149,682 shares of the utilities provider’s stock after selling 9,906 shares during the quarter. Easterly Investment Partners LLC’s holdings in Eversource Energy were worth $10,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Eversource Energy by 1.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after buying an additional 142 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Eversource Energy by 1.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after buying an additional 160 shares during the period. Parallel Advisors LLC lifted its stake in shares of Eversource Energy by 4.9% during the third quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock valued at $259,000 after buying an additional 169 shares during the period. Exencial Wealth Advisors LLC lifted its stake in shares of Eversource Energy by 5.7% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,458 shares of the utilities provider’s stock valued at $233,000 after buying an additional 185 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Eversource Energy by 0.8% during the third quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock valued at $1,686,000 after buying an additional 186 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Mizuho dropped their price target on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, UBS Group dropped their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $71.70.

Eversource Energy Price Performance

Eversource Energy stock opened at $68.40 on Monday. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The firm has a fifty day moving average of $68.70 and a 200-day moving average of $69.42. The firm has a market capitalization of $25.72 billion, a P/E ratio of 14.61, a PEG ratio of 4.52 and a beta of 0.72. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy’s dividend payout ratio (DPR) is currently 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.