Eurizon Capital SGR S.p.A. Acquires New Holdings in Eversource Energy $ES

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Eversource Energy (NYSE:ES) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 150,845 shares of the utilities provider’s stock, valued at approximately $10,157,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ES. Empowered Funds LLC lifted its holdings in 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 acquiring an additional 1,319 shares during the last quarter. Woodline Partners LP grew its stake in shares of Eversource Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after purchasing an additional 8,984 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Eversource Energy by 115.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 801 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after purchasing an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of Eversource Energy by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 349 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Price Performance

NYSE ES opened at $68.40 on Monday. The stock’s 50-day moving average price is $68.70 and its two-hundred day moving average price is $69.42. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The company has a market cap of $25.72 billion, a PE ratio of 14.61, a PEG ratio of 4.52 and a beta of 0.72. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share 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 quarter in the previous year, the business posted $1.50 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on ES. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Scotiabank dropped their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Bank of America reiterated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. Mizuho dropped their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Finally, BMO Capital Markets dropped their target price 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. 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 given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.70.

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.