Arbejdsmarkedets Tillaegspension Buys New Stake in Eversource Energy $ES

Arbejdsmarkedets Tillaegspension purchased a new position in shares of Eversource Energy (NYSE:ES) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 149,853 shares of the utilities provider’s stock, valued at approximately $10,382,000.

Several other large investors have also recently added to or reduced their stakes in ES. Lodestone Wealth Management LLC purchased a new position in Eversource Energy in the fourth quarter valued at about $25,000. Activest Wealth Management boosted its position in shares of Eversource Energy by 2,337.5% in 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 period. TFC Financial Management Inc. boosted its position in shares of Eversource Energy by 2,857.1% in 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 period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Eversource Energy in the fourth quarter valued at about $28,000. Finally, Key Capital Management INC acquired a new stake in shares of Eversource Energy in the fourth quarter valued at about $29,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Eversource Energy Trading Down 0.0%

NYSE:ES opened at $74.82 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The business’s 50-day simple moving average is $70.17 and its 200 day simple moving average is $70.10. The stock has a market cap of $28.14 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 4.95 and a beta of 0.70.

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

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

Analysts Set New Price Targets

Several equities analysts recently commented on ES shares. Mizuho reduced their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Wells Fargo & Company increased their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. UBS Group dropped their price objective on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research report on Wednesday, July 1st. Finally, Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.91.

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.