Amundi Reduces Stake in Eversource Energy $ES

Amundi lowered its stake in Eversource Energy (NYSE:ES) by 3.3% in the 1st quarter, Holdings Channel reports. The firm owned 2,301,820 shares of the utilities provider’s stock after selling 78,210 shares during the quarter. Amundi’s holdings in Eversource Energy were worth $159,470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Eversource Energy during the 4th quarter worth approximately $1,158,000. F m Investments LLC acquired a new position in shares of Eversource Energy in the 4th quarter valued at about $4,854,000. Forsta AP Fonden lifted its stake in shares of Eversource Energy by 118.5% in the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after purchasing an additional 132,300 shares during the period. John G Ullman & Associates Inc. boosted its position in shares of Eversource Energy by 19.6% during the 4th quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock valued at $13,116,000 after purchasing an additional 31,875 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Eversource Energy during the 4th quarter valued at about $1,978,000. 79.99% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ES. Bank of America reiterated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. 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 research note on Thursday, July 2nd. 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, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.58.

More Eversource Energy News

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

• Positive Sentiment: Eversource reaffirmed its fiscal 2026 recurring, non-GAAP EPS guidance of $4.57 to $4.72, broadly consistent with analysts’ expectations. Management’s earnings call also reinforced the company’s focus on regulated utility operations and its planned portfolio repositioning. Eversource Energy Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Second-quarter recurring earnings were $0.87 per share, in line with the primary analyst consensus, while revenue increased 2.3% year over year to $2.90 billion. However, revenue was below the roughly $2.99 billion expected by analysts. Eversource Energy Reports Second Quarter 2026 Results
• Negative Sentiment: GAAP earnings fell sharply to $53.7 million, or $0.14 per share, from $352.7 million, or $0.96 per share, a year earlier. Results included a $111.4 million after-tax charge tied to the Aquarion Water sale and a $164.0 million after-tax charge related to offshore wind liabilities. Although largely nonrecurring, the charges highlight execution and balance-sheet risks. Eversource Energy Q2 GAAP Earnings Fall
• Negative Sentiment: Adjusted earnings declined from $0.96 per share last year, and some estimates viewed the $0.87 result as a slight miss. The earnings decline and lower-than-expected revenue are likely the main reasons for the stock’s weaker performance after the report. Eversource Energy Misses Q2 Earnings and Revenue Estimates

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $71.76 on Friday. The business has a 50-day simple moving average of $71.83 and a 200 day simple moving average of $70.76. Eversource Energy has a one year low of $61.53 and a one year high of $76.57. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market capitalization of $26.99 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 5.45 and a beta of 0.70.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.34% and a net margin of 10.35%.The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company 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. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s dividend payout ratio is presently 67.31%.

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.