Ethic Inc. Trims Stock Position in Eversource Energy $ES

Ethic Inc. lessened its holdings in shares of Eversource Energy (NYSE:ES) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,597 shares of the utilities provider’s stock after selling 9,361 shares during the period. Ethic Inc.’s holdings in Eversource Energy were worth $9,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Ballentine Partners LLC raised its holdings in shares of Eversource Energy by 5.8% during the fourth quarter. Ballentine Partners LLC now owns 7,261 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 396 shares during the last quarter. Generali Asset Management SPA SGR raised its holdings in shares of Eversource Energy by 4.2% during the fourth quarter. Generali Asset Management SPA SGR now owns 78,900 shares of the utilities provider’s stock worth $5,312,000 after purchasing an additional 3,171 shares during the last quarter. MGO One Seven LLC raised its holdings in shares of Eversource Energy by 4.2% during the fourth quarter. MGO One Seven LLC now owns 6,814 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 276 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of Eversource Energy during the fourth quarter worth $348,000. Finally, Sequoia Financial Advisors LLC increased its holdings in Eversource Energy by 22.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 25,449 shares of the utilities provider’s stock valued at $1,714,000 after buying an additional 4,625 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of recent analyst reports. Argus raised shares of Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. Bank of America reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Scotiabank cut their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a report on Tuesday, April 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.90.

Insider Activity

In other news, insider Cotton M. Cleveland sold 2,581 shares of Eversource Energy stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the sale, the insider owned 79,364 shares in the company, valued at $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president owned 43,269 shares in the company, valued at approximately $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 have sold a total of 16,381 shares of company stock worth $1,211,079 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Key Headlines Impacting Eversource Energy

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: Wells Fargo raised its price target on Eversource Energy to $75 from $74 and kept an overweight rating, signaling continued upside potential after the company’s recent results. Benzinga
• Positive Sentiment: Eversource reported first-quarter earnings of $1.73 per share, topping expectations, while revenue also beat estimates, which supports the case for improved near-term fundamentals. Zacks
• Positive Sentiment: The company also raised its 2026-2030 capital plan by $2.3 billion, indicating more investment in its regulated utility base and growth projects. Zacks
• Neutral Sentiment: Eversource announced a quarterly dividend of $0.7875 per share, supporting its appeal to income-focused investors, with a yield of about 4.7%.
• Negative Sentiment: Management cut its annual profit forecast due to lower rates, which raises concern that earnings growth may be more limited than previously expected. Reuters
• Negative Sentiment: Articles highlighting that the stock has lagged the broader market and that analysts remain cautious suggest investor sentiment is still mixed despite the earnings beat. Barchart

Eversource Energy Stock Down 0.9%

Shares of NYSE ES opened at $66.44 on Friday. The company’s 50-day simple moving average is $70.42 and its 200-day simple moving average is $69.97. Eversource Energy has a 52-week low of $60.62 and a 52-week high of $76.41. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 4.41 and a beta of 0.74. 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 (NYSE:ES) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.70%. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business earned $1.50 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities analysts predict that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be given a $0.7875 dividend. The ex-dividend date is Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.7%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

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.