SEB Asset Management AB Buys New Position in Eversource Energy $ES

SEB Asset Management AB bought a new stake in Eversource Energy (NYSE:ES) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,105 shares of the utilities provider’s stock, valued at approximately $631,000.

Other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank boosted its position in shares of Eversource Energy by 8.3% in the first quarter. Swiss National Bank now owns 1,101,133 shares of the utilities provider’s stock valued at $76,286,000 after acquiring an additional 84,200 shares during the period. German American Bancorp Inc. bought a new position in Eversource Energy during the first quarter worth $213,000. Watershed Asset Management L.L.C. bought a new position in Eversource Energy during the first quarter worth $405,000. Kera Capital Partners Inc. increased its position in Eversource Energy by 19.7% during the first quarter. Kera Capital Partners Inc. now owns 7,647 shares of the utilities provider’s stock worth $530,000 after acquiring an additional 1,258 shares during the period. Finally, Assetmark Inc. raised its stake in Eversource Energy by 9.4% during the 1st quarter. Assetmark Inc. now owns 104,097 shares of the utilities provider’s stock valued at $7,212,000 after purchasing an additional 8,945 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ES. Wells Fargo & Company increased their price target 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. UBS Group reduced their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Scotiabank lowered their price target on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, BMO Capital Markets reduced their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and an average price target of $71.82.

Eversource Energy Stock Up 0.5%

Shares of ES opened at $74.96 on Friday. 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 company has a 50-day moving average price of $71.33 and a two-hundred day moving average price of $70.52. The stock has a market cap of $28.19 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 4.93 and a beta of 0.70. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.41.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share 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 company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the company posted $1.50 EPS. The company’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 analysts predict that Eversource Energy will post 4.66 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

Key Eversource Energy News

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: KeyCorp reiterated a constructive long-term view by forecasting steady earnings growth for Eversource, including $4.97 EPS in FY2027, $5.29 in FY2028, $5.66 in FY2029, and $6.00 in FY2030, which suggests improving profit power over time.
• Neutral Sentiment: KeyCorp’s latest quarterly estimates for Q2 2026 ($0.87), Q3 2026 ($1.03), and Q4 2026 ($1.04) were updated, but these figures were in line with the broader narrative of modest utility-style earnings growth rather than a major surprise.
• Negative Sentiment: KeyCorp cut its FY2027 estimate to $4.97 EPS from $5.20, signaling slightly less optimism about next year’s earnings trajectory.
• Negative Sentiment: KeyCorp also reduced FY2028 EPS expectations to $5.29 from $5.52 and FY2029 EPS to $5.66 from $5.83, indicating some cooling in its longer-term forecast.
• Negative Sentiment: BMO Capital Markets lowered its price target on Eversource Energy to $72.00, which may have pressured shares by implying less upside from current levels.
• Negative Sentiment: A separate earnings preview said Eversource’s upcoming Q2 results are expected to decline, adding to cautious sentiment ahead of the report.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction on Thursday, June 4th. The stock was 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 directly owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

About Eversource Energy

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.