Universal Beteiligungs und Servicegesellschaft mbH Acquires 15,094 Shares of Eversource Energy $ES

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Eversource Energy (NYSE:ES) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 443,028 shares of the utilities provider’s stock after purchasing an additional 15,094 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Eversource Energy worth $29,823,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Eversource Energy by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after purchasing an additional 1,161,708 shares during the period. Magellan Asset Management Ltd increased its stake in shares of Eversource Energy by 6.5% in the third quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock worth $526,919,000 after purchasing an additional 454,658 shares during the period. Victory Capital Management Inc. increased its stake in shares of Eversource Energy by 9.4% in the third quarter. Victory Capital Management Inc. now owns 5,900,662 shares of the utilities provider’s stock worth $419,773,000 after purchasing an additional 505,489 shares during the period. Legal & General Group Plc increased its stake in shares of Eversource Energy by 1.3% in the third quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock worth $361,996,000 after purchasing an additional 63,466 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Eversource Energy by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 2,545,084 shares of the utilities provider’s stock worth $181,057,000 after purchasing an additional 113,836 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ES has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their price target on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. BMO Capital Markets lowered their price target on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, March 23rd. Bank of America restated a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.80.

Eversource Energy Trading Up 2.7%

ES stock opened at $68.83 on Friday. Eversource Energy has a 1-year low of $57.35 and a 1-year high of $76.41. The firm has a market cap of $25.87 billion, a P/E ratio of 15.06, a P/E/G ratio of 3.66 and a beta of 0.76. The business’s 50 day moving average is $71.19 and its 200-day moving average is $70.19. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Equities analysts anticipate that Eversource Energy will post 4.77 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th were paid a $0.7875 dividend. The ex-dividend date was Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.6%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio is currently 68.93%.

Insider Activity

In other news, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the transaction, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,381 shares of company stock worth $1,211,079. Company insiders own 0.18% of the company’s stock.

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.