Dimensional Fund Advisors LP Raises Stake in Eversource Energy $ES

Dimensional Fund Advisors LP increased its position in Eversource Energy (NYSE:ES) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,973,038 shares of the utilities provider’s stock after buying an additional 295,371 shares during the period. Dimensional Fund Advisors LP owned about 0.53% of Eversource Energy worth $140,353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ES. Vanguard Group Inc. boosted its position in Eversource Energy by 2.5% during the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after acquiring an additional 1,161,708 shares during the last quarter. State Street Corp raised its holdings in Eversource Energy by 1.7% in 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 acquiring an additional 465,822 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Eversource Energy by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 9,273,415 shares of the utilities provider’s stock worth $587,449,000 after purchasing an additional 211,962 shares during the period. Magellan Asset Management Ltd lifted its stake in shares of Eversource Energy by 6.5% during the 3rd quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock worth $526,919,000 after purchasing an additional 454,658 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Eversource Energy by 9.4% during the third quarter. Victory Capital Management Inc. now owns 5,900,662 shares of the utilities provider’s stock worth $419,773,000 after purchasing an additional 505,489 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity

In related news, insider John Y. Kim sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. This represents a 32.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the transaction, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. The trade was a 15.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,381 shares of company stock valued at $1,211,079 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Eversource Energy Stock Down 0.3%

Shares of NYSE ES opened at $73.62 on Wednesday. The stock has a market capitalization of $27.64 billion, a PE ratio of 16.11, a P/E/G ratio of 3.19 and a beta of 0.76. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The firm has a fifty day moving average of $70.78 and a 200-day moving average of $69.50. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41.

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

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be issued a $0.7875 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is 68.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ES shares. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $71.00 to $78.00 in a research note on Tuesday, February 17th. Scotiabank decreased their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. UBS Group lowered their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, November 24th. Finally, BMO Capital Markets increased their price objective on shares of Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.