KBC Group NV Grows Stock Holdings in Eversource Energy $ES

KBC Group NV lifted its position in Eversource Energy (NYSE:ES) by 2.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 448,175 shares of the utilities provider’s stock after acquiring an additional 11,083 shares during the period. KBC Group NV’s holdings in Eversource Energy were worth $31,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Eversource Energy during the fourth quarter valued at about $1,158,000. F m Investments LLC bought a new stake in Eversource Energy in the fourth quarter worth about $4,854,000. SG Americas Securities LLC raised its position in Eversource Energy by 15,804.4% in the fourth quarter. SG Americas Securities LLC now owns 264,808 shares of the utilities provider’s stock worth $17,830,000 after acquiring an additional 263,143 shares in the last quarter. John G Ullman & Associates Inc. lifted its holdings in Eversource Energy by 19.6% in the 4th quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock valued at $13,116,000 after acquiring an additional 31,875 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in shares of Eversource Energy by 118.5% during the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after purchasing an additional 132,300 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the business’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 transaction of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Down 0.8%

NYSE ES opened at $74.00 on Tuesday. The firm has a market cap of $27.83 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 4.94 and a beta of 0.70. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The stock’s 50 day simple moving average is $70.85 and its 200 day simple moving average is $70.35. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59.

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 the consensus estimate 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 net margin of 12.55% and a return on equity of 11.59%. Eversource Energy’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were given a dividend of $0.7875 per share. The ex-dividend date was Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Mizuho lowered their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. UBS Group reduced their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, March 27th. BMO Capital Markets restated a “market perform” rating on shares of Eversource Energy in a research report on Wednesday, July 1st. Scotiabank cut their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Finally, Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.