RWC Asset Management LLP Reduces Stake in Eversource Energy $ES

RWC Asset Management LLP lowered its holdings in Eversource Energy (NYSE:ES) by 16.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 115,276 shares of the utilities provider’s stock after selling 22,354 shares during the period. RWC Asset Management LLP’s holdings in Eversource Energy were worth $7,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ES. Norges Bank purchased a new stake in Eversource Energy in the 4th quarter worth approximately $324,032,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Eversource Energy by 23,707.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after acquiring an additional 4,630,216 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Eversource Energy by 412.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider’s stock worth $127,133,000 after acquiring an additional 1,449,388 shares in the last quarter. LSV Asset Management raised its position in shares of Eversource Energy by 331.5% in the 3rd quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock worth $111,446,000 after acquiring an additional 1,203,563 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Eversource Energy by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after acquiring an additional 1,161,708 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insiders Place Their Bets

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the subject of several research reports. Mizuho decreased their target price on 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 decreased their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Finally, Bank of America reissued a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average price target of $71.70.

Eversource Energy Stock Performance

Shares of ES opened at $70.56 on Monday. The business’s fifty day simple moving average is $68.81 and its two-hundred day simple moving average is $69.26. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.41. The company has a market cap of $26.54 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 4.68 and a beta of 0.71.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The company’s revenue was up 9.4% compared to the same quarter last year. 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. Research analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.5%. Eversource Energy’s payout ratio is 67.31%.

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.