Easterly Investment Partners LLC Decreases Stock Holdings in Eversource Energy $ES

Easterly Investment Partners LLC lowered its stake in shares of Eversource Energy (NYSE:ES) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,682 shares of the utilities provider’s stock after selling 9,906 shares during the period. Easterly Investment Partners LLC’s holdings in Eversource Energy were worth $10,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy during the fourth quarter worth about $25,000. Activest Wealth Management boosted its holdings in Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares in the last quarter. TFC Financial Management Inc. boosted its holdings in Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after buying an additional 400 shares in the last quarter. Key Capital Management INC purchased a new stake in Eversource Energy during the fourth quarter worth about $29,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Eversource Energy during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.2%

Shares of NYSE ES opened at $68.40 on Monday. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The company has a market capitalization of $25.72 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 4.52 and a beta of 0.72. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The firm’s 50-day moving average is $68.70 and its two-hundred day moving average is $69.42.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Bank of America reissued a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. BMO Capital Markets reduced their price target on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Finally, Argus raised shares of Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $71.70.

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.