Eversource Energy $ES is Ausbil Investment Management Ltd’s 6th Largest Position

Ausbil Investment Management Ltd decreased its position in shares of Eversource Energy (NYSE:ES) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,876 shares of the utilities provider’s stock after selling 7,412 shares during the period. Eversource Energy makes up approximately 3.6% of Ausbil Investment Management Ltd’s holdings, making the stock its 6th largest holding. Ausbil Investment Management Ltd’s holdings in Eversource Energy were worth $6,388,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. United Asset Strategies Inc. lifted its holdings in shares of Eversource Energy by 1.0% during the third quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after purchasing an additional 138 shares during the last quarter. Mystic Asset Management Inc. grew its stake in shares of Eversource Energy by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock worth $1,177,000 after buying an additional 150 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Eversource Energy by 3.3% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock valued at $360,000 after buying an additional 162 shares in the last quarter. Parallel Advisors LLC increased its position in Eversource Energy by 4.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock valued at $259,000 after buying an additional 169 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Eversource Energy by 0.8% during the third quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock valued at $1,686,000 after buying an additional 186 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In related news, EVP John M. Moreira sold 7,800 shares of the business’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 sale, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,381 shares of company stock worth $1,211,079 in the last quarter. Company insiders own 0.41% of the company’s stock.

Eversource Energy Stock Performance

ES stock opened at $67.93 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $76.41. The company has a market cap of $25.51 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 2.90 and a beta of 0.76. The stock’s fifty day moving average price is $71.37 and its 200-day moving average price is $69.96.

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

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is currently 68.93%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America reissued a “buy” rating on shares of Eversource Energy in a report on Monday, March 2nd. JPMorgan Chase & Co. lifted their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. UBS Group dropped their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Argus raised shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday. Finally, BMO Capital Markets reduced their price objective on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.40.

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.