Boston Common Asset Management LLC Has $795,000 Position in Eversource Energy $ES

Boston Common Asset Management LLC trimmed its stake in shares of Eversource Energy (NYSE:ES) by 88.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,813 shares of the utilities provider’s stock after selling 90,109 shares during the quarter. Boston Common Asset Management LLC’s holdings in Eversource Energy were worth $795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Eversource Energy during the second quarter worth approximately $274,744,000. Lazard Asset Management LLC grew its stake in shares of Eversource Energy by 43,905.7% in the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock valued at $171,309,000 after acquiring an additional 2,686,588 shares in the last quarter. AQR Capital Management LLC raised its stake in Eversource Energy by 412.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider’s stock worth $127,133,000 after purchasing an additional 1,449,388 shares in the last quarter. LSV Asset Management increased its holdings in shares of Eversource Energy by 331.5% during the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock worth $111,446,000 after purchasing an additional 1,203,563 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Eversource Energy by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock valued at $3,330,374,000 after buying an additional 1,161,708 shares during the period. Institutional investors own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the transaction, the insider directly owned 79,364 shares in the company, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the sale, the insider directly owned 12,339 shares in the company, valued at approximately $907,780.23. This trade represents a 32.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,381 shares of company stock valued at $1,211,079 in the last quarter. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ES. BMO Capital Markets cut their target price on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, March 23rd. Argus raised Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. UBS Group reduced their price objective on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, Bank of America dropped their target price on shares of Eversource Energy from $82.00 to $73.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.30.

Eversource Energy Price Performance

Shares of ES stock opened at $68.55 on Tuesday. The business has a fifty day simple moving average of $71.29 and a 200 day simple moving average of $70.10. The company has a market cap of $25.74 billion, a P/E ratio of 15.00, a P/E/G ratio of 2.94 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. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $76.41.

Eversource Energy (NYSE:ES) last released its 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 firm had revenue of $3.37 billion for 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%.The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, sell-side analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is currently 68.93%.

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.