Genus Capital Management Inc. Trims Stock Holdings in Eversource Energy $ES

Genus Capital Management Inc. trimmed its position in Eversource Energy (NYSE:ES) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,000 shares of the utilities provider’s stock after selling 9,100 shares during the period. Genus Capital Management Inc.’s holdings in Eversource Energy were worth $1,616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ES. Northwestern Mutual Wealth Management Co. grew its stake in Eversource Energy by 23,707.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after purchasing an additional 4,630,216 shares during the period. AQR Capital Management LLC grew its stake in Eversource Energy by 412.7% in the third quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider’s stock worth $127,133,000 after purchasing an additional 1,449,388 shares during the period. LSV Asset Management grew its stake in shares of Eversource Energy by 331.5% in the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock worth $111,446,000 after acquiring an additional 1,203,563 shares during the last quarter. Vanguard Group Inc. grew 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 acquiring an additional 1,161,708 shares during the last quarter. Finally, Aventail Capital Group LP grew its stake in shares of Eversource Energy by 134.6% in the third quarter. Aventail Capital Group LP now owns 1,366,121 shares of the utilities provider’s stock worth $97,186,000 after acquiring an additional 783,768 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Eversource Energy

In related news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Eversource Energy Trading Up 0.0%

Eversource Energy stock opened at $70.02 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The stock has a market capitalization of $26.33 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 4.64 and a beta of 0.74. The business’s fifty day moving average is $69.05 and its 200 day moving average is $69.54.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.59 by $0.14. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the firm posted $1.50 earnings per share. Eversource Energy’s revenue was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ES shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. Scotiabank cut their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. UBS Group cut their target price 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. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Argus raised Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $71.70.

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.