Eversource Energy $ES Shares Sold by Westpac Banking Corp

Westpac Banking Corp lessened its position in shares of Eversource Energy (NYSE:ES) by 14.0% in the 1st quarter, HoldingsChannel reports. The fund owned 93,977 shares of the utilities provider’s stock after selling 15,238 shares during the period. Westpac Banking Corp’s holdings in Eversource Energy were worth $6,511,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Eversource Energy during the 4th quarter worth about $1,158,000. F m Investments LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $4,854,000. SG Americas Securities LLC raised its position in shares of Eversource Energy by 15,804.4% during the 4th quarter. SG Americas Securities LLC now owns 264,808 shares of the utilities provider’s stock worth $17,830,000 after acquiring an additional 263,143 shares in the last quarter. John G Ullman & Associates Inc. lifted its stake in Eversource Energy by 19.6% during the fourth quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock worth $13,116,000 after purchasing an additional 31,875 shares during the last quarter. Finally, Forsta AP Fonden lifted its stake in Eversource Energy by 118.5% during the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock worth $16,422,000 after purchasing an additional 132,300 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Eversource Energy

In other 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 directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

Eversource Energy Stock Down 1.5%

Shares of NYSE ES opened at $72.95 on Wednesday. The business has a 50-day moving average price of $70.94 and a 200 day moving average price of $70.39. The stock has a market cap of $27.44 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. 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 has a 52-week low of $61.53 and a 52-week high of $76.41.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS 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 company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The firm’s 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. Equities research analysts forecast that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were given a dividend of $0.7875 per share. The ex-dividend date was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Scotiabank reduced their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Wells Fargo & Company upped their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd. Finally, Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.91.

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.