American Century Companies Inc. Has $210.86 Million Holdings in Eversource Energy $ES

American Century Companies Inc. decreased its position in shares of Eversource Energy (NYSE:ES) by 28.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,963,939 shares of the utilities provider’s stock after selling 1,162,611 shares during the period. American Century Companies Inc. owned 0.79% of Eversource Energy worth $210,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Portfolios Group Inc. increased its stake in shares of Eversource Energy by 21.0% in the third quarter. Harvest Portfolios Group Inc. now owns 139,605 shares of the utilities provider’s stock worth $9,932,000 after purchasing an additional 24,221 shares during the period. Huntington National Bank grew its holdings in Eversource Energy by 3.2% in the 3rd quarter. Huntington National Bank now owns 7,314 shares of the utilities provider’s stock valued at $520,000 after buying an additional 230 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Eversource Energy during the third quarter worth approximately $4,644,000. Creative Financial Designs Inc. ADV boosted its position in shares of Eversource Energy by 2,586.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 10,558 shares of the utilities provider’s stock valued at $751,000 after acquiring an additional 10,165 shares during the period. Finally, Xponance Inc. grew its stake in shares of Eversource Energy by 6.1% in the third quarter. Xponance Inc. now owns 79,642 shares of the utilities provider’s stock worth $5,666,000 after acquiring an additional 4,553 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president directly owned 43,269 shares in the company, valued at $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction dated 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 in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,381 shares of company stock worth $1,211,079. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

ES has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a research note on Tuesday, February 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 report on Monday, November 24th. Scotiabank decreased their target price on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. UBS Group lowered their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Three equities research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Up 1.5%

Eversource Energy stock opened at $76.19 on Friday. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $76.41. The firm has a market capitalization of $28.61 billion, a PE ratio of 16.67, a P/E/G ratio of 3.29 and a beta of 0.77. The company’s 50-day moving average is $69.75 and its 200-day moving average is $69.04. 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 (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.Eversource Energy’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is presently 65.86%.

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.