Franklin Resources Inc. Has $100.02 Million Position in Eversource Energy $ES

Franklin Resources Inc. reduced its holdings in shares of Eversource Energy (NYSE:ES) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,485,524 shares of the utilities provider’s stock after selling 287,792 shares during the period. Franklin Resources Inc.’s holdings in Eversource Energy were worth $100,020,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Brandywine Global Investment Management LLC grew its holdings in Eversource Energy by 4.6% during the 4th quarter. Brandywine Global Investment Management LLC now owns 829,120 shares of the utilities provider’s stock worth $55,825,000 after acquiring an additional 36,690 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Eversource Energy by 19.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 77,687 shares of the utilities provider’s stock worth $5,231,000 after acquiring an additional 12,484 shares during the period. Manchester Capital Management LLC grew its holdings in Eversource Energy by 112.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,480 shares of the utilities provider’s stock worth $167,000 after acquiring an additional 1,312 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Eversource Energy during the 4th quarter worth about $954,000. Finally, Syon Capital LLC grew its holdings in Eversource Energy by 61.0% during the 4th quarter. Syon Capital LLC now owns 13,190 shares of the utilities provider’s stock worth $888,000 after acquiring an additional 4,995 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ES. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Argus upgraded Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. BMO Capital Markets reduced their target price on Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company raised their target price on Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, UBS Group reduced their target price on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.70.

Eversource Energy Stock Performance

Shares of ES opened at $69.17 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a 50-day moving average of $68.86 and a 200-day moving average of $69.28. The company has a market cap of $26.01 billion, a PE ratio of 14.78, a P/E/G ratio of 4.60 and a beta of 0.71. Eversource Energy has a one year low of $61.53 and a one year high of $76.41.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 11.59% and a net margin of 12.55%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts predict that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently declared 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 is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. Eversource Energy’s payout ratio is 67.31%.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. 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.

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.