BNP Paribas Financial Markets Has $42.07 Million Holdings in Eversource Energy $ES

BNP Paribas Financial Markets boosted its holdings in shares of Eversource Energy (NYSE:ES) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 624,882 shares of the utilities provider’s stock after buying an additional 124,608 shares during the quarter. BNP Paribas Financial Markets’ holdings in Eversource Energy were worth $42,073,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in Eversource Energy during the fourth quarter worth approximately $25,000. Activest Wealth Management increased its position 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 during the last quarter. TFC Financial Management Inc. increased its position 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 during the last quarter. Key Capital Management INC acquired a new position in Eversource Energy during the fourth quarter worth approximately $29,000. Finally, Godfrey Financial Associates Inc. acquired a new position in Eversource Energy during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.3%

Shares of ES stock opened at $68.28 on Thursday. The firm has a 50 day moving average price of $68.69 and a two-hundred day moving average price of $69.30. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $25.68 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, analysts predict that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ES. Wells Fargo & Company boosted their price target on Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Mizuho cut their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Scotiabank cut their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus price target 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.