Ausbil Investment Management Ltd Has $6.39 Million Stake in Eversource Energy $ES

Ausbil Investment Management Ltd decreased its stake in Eversource Energy (NYSE:ES) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,876 shares of the utilities provider’s stock after selling 7,412 shares during the quarter. Eversource Energy makes up 3.6% of Ausbil Investment Management Ltd’s portfolio, making the stock its 6th biggest holding. Ausbil Investment Management Ltd’s holdings in Eversource Energy were worth $6,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in shares of Eversource Energy during the 3rd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Eversource Energy in the 3rd quarter worth approximately $27,000. Johnson Financial Group Inc. increased its holdings in Eversource Energy by 73.5% in the 3rd quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 197 shares in the last quarter. BOKF NA raised its stake in Eversource Energy by 23,700.0% during the 3rd quarter. BOKF NA now owns 476 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 474 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Eversource Energy during the second quarter valued at approximately $31,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

NYSE:ES opened at $67.93 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $25.51 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.90 and a beta of 0.76. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41. The business’s 50-day moving average is $71.37 and its 200 day moving average is $69.96.

Eversource Energy (NYSE:ES) last released its quarterly earnings results 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 business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business posted $1.01 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s payout ratio is 68.93%.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target 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. Mizuho decreased their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday. BMO Capital Markets lowered their target price on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. Finally, Argus upgraded Eversource Energy to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $73.40.

Insider Buying and Selling

In other Eversource Energy 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 transaction of $193,239.47. Following the completion of the transaction, the insider owned 79,364 shares in the company, valued at $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 16,381 shares of company stock worth $1,211,079. Insiders own 0.41% of the company’s stock.

Eversource Energy Company 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.