Securian Asset Management Inc. Sells 7,707 Shares of Eversource Energy $ES

Securian Asset Management Inc. cut its holdings in shares of Eversource Energy (NYSE:ES) by 43.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,187 shares of the utilities provider’s stock after selling 7,707 shares during the quarter. Securian Asset Management Inc.’s holdings in Eversource Energy were worth $686,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Eversource Energy by 1.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after purchasing an additional 142 shares in the last quarter. Mystic Asset Management Inc. increased its stake in shares of Eversource Energy by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after purchasing an additional 150 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Eversource Energy by 4.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock worth $259,000 after buying an additional 169 shares in the last quarter. Exencial Wealth Advisors LLC lifted its position in shares of Eversource Energy by 5.7% during the 4th quarter. Exencial Wealth Advisors LLC now owns 3,458 shares of the utilities provider’s stock worth $233,000 after buying an additional 185 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Eversource Energy by 0.8% during the 3rd quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock worth $1,686,000 after buying an additional 186 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Performance

NYSE:ES opened at $68.82 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a fifty-two week low of $60.75 and a fifty-two week high of $76.41. The company has a 50 day simple moving average of $69.70 and a two-hundred day simple moving average of $69.77. The company has a market capitalization of $25.88 billion, a PE ratio of 14.70, a P/E/G ratio of 4.52 and a beta of 0.74.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.6%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

Analyst Ratings Changes

ES has been the topic of several research analyst reports. UBS Group reduced their price objective on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. raised their price objective on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. BMO Capital Markets cut their target price on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, Bank of America restated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd. One 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.70.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the transaction, the executive vice president owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction that occurred on 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 directly owned 12,339 shares in the company, valued at approximately $907,780.23. This represents a 32.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,381 shares of company stock worth $1,211,079. Insiders own 0.18% of the company’s stock.

About Eversource Energy

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.