Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Holdings in Eversource Energy $ES

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in Eversource Energy (NYSE:ES) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 666,235 shares of the utilities provider’s stock after selling 32,381 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Eversource Energy were worth $46,157,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Lodestone Wealth Management LLC purchased a new position in Eversource Energy in the fourth quarter worth $25,000. Activest Wealth Management grew its stake 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 worth $26,000 after purchasing an additional 374 shares during the period. TFC Financial Management Inc. grew its stake 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 worth $28,000 after purchasing an additional 400 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in shares of Eversource Energy in the 4th quarter valued at about $28,000. Finally, Key Capital Management INC acquired a new stake in shares of Eversource Energy in the fourth quarter valued at about $29,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ES shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Bank of America reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Finally, Mizuho reduced their price objective on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. 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.com, the company has a consensus rating of “Hold” and an average target price of $71.91.

Eversource Energy Price Performance

Shares of Eversource Energy stock traded up $0.90 during trading on Friday, hitting $74.83. 1,452,346 shares of the company were exchanged, compared to its average volume of 2,496,206. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average price of $70.09 and a 200 day moving average price of $70.01. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 4.95 and a beta of 0.70.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.Eversource Energy’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts expect that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were paid a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy 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.