Swedbank AB Acquires 39,012 Shares of Eversource Energy $ES

Swedbank AB raised its holdings in Eversource Energy (NYSE:ES) by 5.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 702,198 shares of the utilities provider’s stock after acquiring an additional 39,012 shares during the quarter. Swedbank AB’s holdings in Eversource Energy were worth $48,648,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ES shares. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. JPMorgan Chase & Co. increased their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Wells Fargo & Company boosted their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.91.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the company’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 sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Eversource Energy Price Performance

Shares of ES opened at $73.77 on Thursday. The business’s fifty day moving average is $69.86 and its 200 day moving average is $69.93. Eversource Energy has a 12-month low of $61.53 and a 12-month 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 stock has a market cap of $27.74 billion, a P/E ratio of 15.76, a P/E/G ratio of 4.94 and a beta of 0.70.

Eversource Energy (NYSE:ES) last announced its quarterly 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. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the business posted $1.50 EPS. Eversource Energy’s quarterly revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current fiscal 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 of this dividend was Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. Eversource Energy’s payout ratio is presently 67.31%.

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.