Assetmark Inc. Has $6.41 Million Stock Position in Eversource Energy $ES

Assetmark Inc. increased its stake in shares of Eversource Energy (NYSE:ES) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,152 shares of the utilities provider’s stock after buying an additional 14,202 shares during the period. Assetmark Inc.’s holdings in Eversource Energy were worth $6,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Eversource Energy by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after buying an additional 1,161,708 shares in the last quarter. Magellan Asset Management Ltd lifted its position in 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 valued at $526,919,000 after purchasing an additional 454,658 shares during the period. Victory Capital Management Inc. lifted its position in Eversource Energy by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 5,900,662 shares of the utilities provider’s stock valued at $419,773,000 after purchasing an additional 505,489 shares during the period. Legal & General Group Plc lifted its position in Eversource Energy by 1.3% during the 3rd quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock valued at $361,996,000 after purchasing an additional 63,466 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Eversource Energy by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,545,084 shares of the utilities provider’s stock valued at $181,057,000 after purchasing an additional 113,836 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ES. JPMorgan Chase & Co. upped their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Wells Fargo & Company cut their target price on shares of Eversource Energy from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. BMO Capital Markets cut their target price on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $71.90.

Eversource Energy Price Performance

NYSE ES opened at $69.24 on Friday. The business has a 50 day simple moving average of $71.32 and a 200 day simple moving average of $70.29. Eversource Energy has a 52-week low of $55.56 and a 52-week high of $76.41. 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 cap of $26.02 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 3.75 and a beta of 0.76.

Eversource Energy (NYSE:ES) last posted 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. 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 during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the business earned $1.01 EPS. 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. Analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th were paid a dividend of $0.7875 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio (DPR) is 68.93%.

Insider Transactions at Eversource Energy

In other news, insider Cotton M. Cleveland sold 2,581 shares of the firm’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 completion of the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This trade represents a 3.15% decrease in their position. The sale 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 firm’s stock in a transaction that occurred 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 directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,381 shares of company stock valued at $1,211,079 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Eversource Energy 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.