Eversource Energy $ES Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its holdings in Eversource Energy (NYSE:ES) by 71.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 391,315 shares of the utilities provider’s stock after selling 1,003,576 shares during the period. Pictet Asset Management Holding SA’s holdings in Eversource Energy were worth $26,347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of Eversource Energy during the 3rd quarter worth approximately $26,000. Lodestone Wealth Management LLC acquired a new stake in Eversource Energy in the 4th quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Eversource Energy in the 3rd quarter worth $27,000. TFC Financial Management Inc. raised 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 acquiring an additional 400 shares during the period. Finally, Key Capital Management INC purchased a new position in Eversource Energy during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Performance

NYSE ES opened at $70.87 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. The stock’s fifty day moving average is $70.80 and its two-hundred day moving average is $70.06. The firm has a market capitalization of $26.64 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 4.48 and a beta of 0.76. Eversource Energy has a fifty-two week low of $58.03 and a fifty-two week high of $76.41.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, research analysts anticipate that Eversource Energy will post 4.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America restated a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. BMO Capital Markets lowered their price objective on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, March 23rd. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company reduced their target price on Eversource Energy from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Eversource Energy has an average rating of “Hold” and an average price target of $71.80.

Insiders Place Their Bets

In other news, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares in the company, valued at $5,941,982.68. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the sale, the insider directly owned 12,339 shares in the company, valued at approximately $907,780.23. The trade was a 32.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,381 shares of company stock valued at $1,211,079 over the last ninety days. Company insiders own 0.18% of the company’s stock.

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.