Eversource Energy $ES Shares Bought by Victory Capital Management Inc.
by Teresa Graham · The Cerbat GemVictory Capital Management Inc. grew its stake in Eversource Energy (NYSE:ES – Free Report) by 9.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,900,662 shares of the utilities provider’s stock after buying an additional 505,489 shares during the quarter. Victory Capital Management Inc.’s holdings in Eversource Energy were worth $419,773,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CI Investments Inc. lifted its stake in Eversource Energy by 13.5% in the third quarter. CI Investments Inc. now owns 2,443 shares of the utilities provider’s stock worth $174,000 after acquiring an additional 291 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Eversource Energy in the 3rd quarter valued at approximately $1,004,000. Elo Mutual Pension Insurance Co raised its holdings in shares of Eversource Energy by 28.0% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 57,246 shares of the utilities provider’s stock valued at $4,072,000 after purchasing an additional 12,512 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at $205,000. Finally, Holderness Investments Co. lifted its position in shares of Eversource Energy by 33.7% during the 3rd quarter. Holderness Investments Co. now owns 5,644 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 1,422 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ES has been the topic of several recent analyst reports. Scotiabank dropped their target price on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Thursday, November 20th. Bank of America reaffirmed a “buy” rating on shares of Eversource Energy in a research report on Monday. Mizuho raised their target price on Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Finally, BMO Capital Markets upped their price target on Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.90.
Read Our Latest Research Report on ES
Eversource Energy Stock Down 2.5%
ES opened at $74.32 on Tuesday. Eversource Energy has a one year low of $52.28 and a one year 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 capitalization of $27.91 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 3.29 and a beta of 0.76. The business’s 50-day simple moving average is $69.91 and its 200-day simple moving average is $69.12.
Eversource Energy (NYSE:ES – Get Free Report) last released its quarterly 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. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.
Eversource Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given 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 annualized dividend and a yield of 4.2%. Eversource Energy’s payout ratio is currently 65.86%.
Insider Buying and Selling
In related news, insider John Y. Kim sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the transaction, the insider owned 12,339 shares of the company’s stock, valued at $907,780.23. This trade represents a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value 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. This trade represents a 15.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,381 shares of company stock worth $1,211,079 in the last 90 days. Company insiders own 0.19% of the company’s stock.
Eversource Energy Company 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.
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