AMF Tjanstepension AB Has $17.45 Million Stock Holdings in Eversource Energy $ES

AMF Tjanstepension AB lifted its holdings in shares of Eversource Energy (NYSE:ES) by 2.8% in the first quarter, Holdings Channel.com reports. The fund owned 251,833 shares of the utilities provider’s stock after purchasing an additional 6,843 shares during the quarter. AMF Tjanstepension AB’s holdings in Eversource Energy were worth $17,447,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Lodestone Wealth Management LLC bought a new position in Eversource Energy during the fourth quarter worth about $25,000. Activest Wealth Management raised its holdings 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 valued at $26,000 after buying an additional 374 shares during the last quarter. TFC Financial Management Inc. raised its stake 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 acquiring an additional 400 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Eversource Energy during the 4th quarter worth $28,000. Finally, Key Capital Management INC bought a new position in Eversource Energy in the 4th quarter valued at $29,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Eversource Energy Price Performance

NYSE:ES opened at $74.83 on Monday. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. 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 firm has a fifty day simple moving average of $70.09 and a 200 day simple moving average of $70.04. The stock has a market capitalization of $28.14 billion, a PE ratio of 15.99, a P/E/G ratio of 4.95 and a beta of 0.70.

Eversource Energy (NYSE:ES) last issued its 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. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. Eversource Energy’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts expect that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a report on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Mizuho lowered 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, UBS Group cut 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 report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.