Maryland State Retirement & Pension System Sells 15,557 Shares of Eversource Energy $ES

Maryland State Retirement & Pension System trimmed its holdings in shares of Eversource Energy (NYSE:ES) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 356,635 shares of the utilities provider’s stock after selling 15,557 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Eversource Energy were worth $24,708,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Eversource Energy by 28.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,864 shares of the utilities provider’s stock valued at $822,000 after acquiring an additional 2,622 shares in the last quarter. Bleakley Financial Group LLC bought a new position in shares of Eversource Energy in the 1st quarter worth $759,000. Chicago Partners Investment Group LLC raised its position in shares of Eversource Energy by 84.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 18,551 shares of the utilities provider’s stock worth $1,244,000 after acquiring an additional 8,471 shares in the last quarter. Arbejdsmarkedets Tillaegspension bought a new position in shares of Eversource Energy in the 1st quarter worth $10,382,000. Finally, AMF Tjanstepension AB grew its stake in Eversource Energy by 2.8% in the first quarter. AMF Tjanstepension AB now owns 251,833 shares of the utilities provider’s stock valued at $17,447,000 after purchasing an additional 6,843 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Eversource Energy Price Performance

NYSE ES opened at $74.71 on Wednesday. The company has a market cap of $28.10 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 4.95 and a beta of 0.70. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The stock’s fifty day moving average price is $70.29 and its 200 day moving average price is $70.15. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts forecast that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. Eversource Energy’s payout ratio is 67.31%.

Wall Street Analyst Weigh In

ES has been the subject of a number of recent research reports. Bank of America reiterated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. BMO Capital Markets reiterated a “market perform” rating on shares of Eversource Energy in a research note on Wednesday, July 1st. Finally, UBS Group decreased their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $71.91.

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.