B. Metzler seel. Sohn & Co. AG Lowers Position in Eversource Energy $ES

B. Metzler seel. Sohn & Co. AG lessened its holdings in shares of Eversource Energy (NYSE:ES) by 21.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,663 shares of the utilities provider’s stock after selling 11,593 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Eversource Energy were worth $3,035,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ES. Empowered Funds LLC grew its stake in Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after buying an additional 1,319 shares in the last quarter. Woodline Partners LP raised its position in shares of Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Eversource Energy by 115.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 801 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Eversource Energy by 87.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after acquiring an additional 27,332 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Eversource Energy in the second quarter worth $197,000. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ES. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. JPMorgan Chase & Co. decreased their price target on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Mizuho boosted their price objective 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. UBS Group cut their price objective on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their target price 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 assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Performance

Eversource Energy stock opened at $73.91 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The firm has a market cap of $27.75 billion, a P/E ratio of 16.17, a P/E/G ratio of 3.22 and a beta of 0.76. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $76.41. The firm has a 50-day moving average of $70.66 and a 200-day moving average of $69.45.

Eversource Energy (NYSE:ES) last announced 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 company had revenue of $3.37 billion for 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%.Eversource Energy’s revenue was up 13.4% compared to the same quarter last year. 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. Sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s payout ratio is presently 68.93%.

Insider Activity at Eversource Energy

In related 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 value of $193,239.47. Following the sale, the insider owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Y. Kim sold 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the transaction, the insider directly owned 12,339 shares in the company, 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 a total of 16,381 shares of company stock worth $1,211,079 over the last quarter. 0.19% of the stock is owned by corporate insiders.

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.