Eversource Energy $ES Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its position in shares of Eversource Energy (NYSE:ES) by 5.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,428 shares of the utilities provider’s stock after selling 15,049 shares during the period. Citigroup Inc.’s holdings in Eversource Energy were worth $19,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after purchasing an additional 1,319 shares during the last quarter. Woodline Partners LP lifted its position in Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after buying an additional 801 shares during the period. Schnieders Capital Management LLC. increased its position in shares of Eversource Energy by 87.9% during the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after acquiring an additional 27,332 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Eversource Energy by 155.8% in the 2nd quarter. AlphaQuest LLC now owns 1,013 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 617 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the subject of several research reports. Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $71.00 to $78.00 in a report on Tuesday, February 17th. Scotiabank dropped their price objective on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. JPMorgan Chase & Co. cut their price objective on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average price target of $73.90.

Eversource Energy Stock Performance

NYSE:ES opened at $75.00 on Friday. The firm has a market capitalization of $28.16 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 3.24 and a beta of 0.77. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The business’s fifty day moving average price is $69.56 and its 200 day moving average price is $68.95. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $75.43.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 65.86%.

Insider Activity

In related news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 16,381 shares of company stock worth $1,211,079. Corporate insiders own 0.41% 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.