Eversource Energy (NYSE:ES) Stake Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

04 Jul 2025, 04:54 by Scott Moore · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Eversource Energy (NYSE:ES – Free Report) by 12.9% in the 1st quarter, Holdings Channel reports. The firm owned 67,089 shares of the utilities provider’s stock after acquiring an additional 7,671 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Eversource Energy were worth $4,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Mizuho Bank Ltd. bought a new position in shares of Eversource Energy during the fourth quarter valued at approximately $26,000. Assetmark Inc. grew its holdings in shares of Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of Eversource Energy during the fourth quarter valued at approximately $33,000. OFI Invest Asset Management bought a new position in shares of Eversource Energy during the fourth quarter valued at approximately $35,000. Finally, CoreCap Advisors LLC grew its holdings in shares of Eversource Energy by 168.7% during the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 383 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the transaction, the executive vice president owned 10,988 shares of the company’s stock, valued at $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Mizuho boosted their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 25th. BMO Capital Markets boosted their price objective on Eversource Energy from $71.00 to $72.00 and gave the stock a “market perform” rating in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $65.67.

View Our Latest Stock Report on Eversource Energy

Eversource Energy Stock Performance

ES opened at $64.57 on Friday. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The business has a 50 day moving average price of $63.09 and a two-hundred day moving average price of $60.36.

Eversource Energy (NYSE:ES – Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 earnings per share. Research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were given a $0.7525 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.66%. Eversource Energy’s dividend payout ratio (DPR) is 129.74%.

Eversource Energy Company Profile

(Free Report)