Eversource Energy $ES Shares Sold by Savant Capital LLC

Savant Capital LLC cut its holdings in shares of Eversource Energy (NYSE:ES) by 69.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,007 shares of the utilities provider’s stock after selling 25,361 shares during the period. Savant Capital LLC’s holdings in Eversource Energy were worth $741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Foundations Investment Advisors LLC lifted its stake in Eversource Energy by 7.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 3,447 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 231 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in Eversource Energy by 29.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 4,992 shares of the utilities provider’s stock valued at $336,000 after purchasing an additional 1,129 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in Eversource Energy during the fourth quarter valued at approximately $29,000. Huntington National Bank lifted its stake in Eversource Energy by 10.5% during the fourth quarter. Huntington National Bank now owns 8,085 shares of the utilities provider’s stock valued at $544,000 after purchasing an additional 771 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Eversource Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after purchasing an additional 194,781 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Mizuho reduced their price target 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. UBS Group reduced their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Bank of America restated a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Finally, Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $71.70.

Eversource Energy Stock Up 2.8%

Shares of NYSE:ES opened at $68.48 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The company has a market cap of $25.75 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 4.41 and a beta of 0.71. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.41. The firm has a 50 day simple moving average of $68.64 and a 200 day simple moving average of $69.38.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. The company 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%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

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.