19,100 Shares in Eversource Energy $ES Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Eversource Energy (NYSE:ES) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,100 shares of the utilities provider’s stock, valued at approximately $1,323,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Eversource Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Eversource Energy by 115.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after buying an additional 801 shares in the last quarter. Schnieders Capital Management LLC. grew its position in shares of Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after buying an additional 27,332 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Eversource Energy by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after buying an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction 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 sale, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $74.30 on Friday. The company has a 50 day moving average price of $69.55 and a 200 day moving average price of $69.79. The firm has a market capitalization of $27.94 billion, a P/E ratio of 15.88, a PEG ratio of 4.92 and a beta of 0.70. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.41.

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

Eversource Energy Dividend Announcement

The business also recently disclosed 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 payout ratio is presently 67.31%.

Wall Street Analyst Weigh In

Several research firms recently commented on ES. Bank of America reiterated a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research note on Wednesday. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. JPMorgan Chase & Co. lifted their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Finally, Wells Fargo & Company upped their price target on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday. 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. According to data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus target price of $71.91.

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.