Eversource Energy $ES Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its holdings in shares of Eversource Energy (NYSE:ES) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,428 shares of the utilities provider’s stock after selling 15,049 shares during the period. Citigroup Inc. owned approximately 0.07% of Eversource Energy worth $19,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. 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 valued at $3,330,374,000 after purchasing an additional 1,161,708 shares during the last quarter. State Street Corp increased its stake in Eversource Energy by 1.7% during the 2nd quarter. State Street Corp now owns 27,343,038 shares of the utilities provider’s stock valued at $1,739,564,000 after purchasing an additional 465,822 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Eversource Energy by 2.3% in the second quarter. Geode Capital Management LLC now owns 9,273,415 shares of the utilities provider’s stock worth $587,449,000 after buying an additional 211,962 shares during the last quarter. Magellan Asset Management Ltd lifted its stake in shares of Eversource Energy by 1.1% during the second quarter. Magellan Asset Management Ltd now owns 6,952,127 shares of the utilities provider’s stock worth $442,294,000 after buying an additional 75,784 shares during the period. Finally, Norges Bank purchased a new stake in shares of Eversource Energy during the second quarter valued at $274,744,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.1%

Shares of ES opened at $75.00 on Friday. The stock has a 50 day moving average price of $69.56 and a 200 day moving average price of $68.95. Eversource Energy has a one year low of $52.28 and a one year high of $75.43. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a market capitalization of $28.16 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.24 and a beta of 0.77.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 65.86%.

Insider Activity

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Y. Kim sold 6,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the sale, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. The trade was a 32.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,381 shares of company stock worth $1,211,079 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ES. Scotiabank reduced their target price on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Mizuho increased their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. decreased their price objective on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Finally, Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $71.00 to $78.00 in a report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.90.

About Eversource Energy

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.