Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New $8.45 Million Investment in Eversource Energy $ES

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Eversource Energy (NYSE:ES) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 121,950 shares of the utilities provider’s stock, valued at approximately $8,449,000.

A number of other large investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Eversource Energy in the 4th quarter worth $324,032,000. Northwestern Mutual Wealth Management Co. increased its holdings in Eversource Energy by 23,707.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock valued at $313,067,000 after purchasing an additional 4,630,216 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after purchasing an additional 3,645,555 shares during the last quarter. Deutsche Bank AG lifted its stake in Eversource Energy by 78.1% in the fourth quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after buying an additional 2,341,912 shares during the period. Finally, Cohen & Steers Inc. acquired a new position in Eversource Energy in the fourth quarter valued at about $104,848,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America reiterated a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Scotiabank reduced their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Finally, Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.91.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president owned 56,179 shares of the company’s stock, valued at approximately $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 SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Eversource Energy Stock Down 0.2%

NYSE:ES opened at $74.30 on Friday. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The stock has a market cap of $27.94 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 4.92 and a beta of 0.70. The stock has a 50-day moving average price of $69.55 and a two-hundred day moving average price of $69.79.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.Eversource Energy’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s dividend payout ratio is presently 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.