Barclays PLC Has $102.86 Million Position in Eversource Energy $ES

Barclays PLC cut its stake in shares of Eversource Energy (NYSE:ES) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,445,873 shares of the utilities provider’s stock after selling 16,104 shares during the quarter. Barclays PLC owned approximately 0.39% of Eversource Energy worth $102,859,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ES. Neo Ivy Capital Management acquired a new position in shares of Eversource Energy during the second quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at about $27,000. Elevation Point Wealth Partners LLC bought a new stake in Eversource Energy in the 2nd quarter valued at about $31,000. Finally, Anchor Investment Management LLC increased its position in Eversource Energy by 122.0% in the 2nd quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock valued at $35,000 after buying an additional 300 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Eversource Energy news, insider Cotton M. Cleveland sold 2,581 shares of Eversource Energy stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the company’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 completion of the sale, 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 position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 16,381 shares of company stock worth $1,211,079. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Eversource Energy Price Performance

Shares of NYSE ES opened at $74.58 on Monday. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $76.41. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 3.22 and a beta of 0.76. 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 firm’s 50-day simple moving average is $70.52 and its 200 day simple moving average is $69.39.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, research analysts anticipate 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. Investors of record on Thursday, March 5th will be given a dividend of $0.7875 per share. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. Eversource Energy’s payout ratio is presently 68.93%.

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.