Eversource Energy $ES Stock Holdings Lowered by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in Eversource Energy (NYSE:ES) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,589 shares of the utilities provider’s stock after selling 14,985 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Eversource Energy were worth $3,502,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ES. Elevation Wealth Partners LLC grew its holdings in Eversource Energy by 220.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 240 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Eversource Energy in the 2nd quarter worth about $26,000. First Bancorp Inc ME bought a new stake in Eversource Energy in the second quarter worth about $30,000. Keating Financial Advisory Services Inc. bought a new stake in Eversource Energy in the second quarter worth about $36,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Eversource Energy during the second quarter valued at approximately $51,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 3.3%

NYSE ES opened at $67.79 on Friday. Eversource Energy has a 1 year low of $62.72 and a 1 year high of $76.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The company has a market capitalization of $25.53 billion, a PE ratio of 13.36, a P/E/G ratio of 2.86 and a beta of 0.67. The company has a fifty day moving average of $67.96 and a 200 day moving average of $69.75.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $0.96 earnings per share. Eversource Energy’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts forecast that Eversource Energy will post 4.63 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, September 21st. Eversource Energy’s payout ratio is currently 81.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ES. Citigroup reiterated a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Wells Fargo & Company upped their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Mizuho increased their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, BMO Capital Markets decreased their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.91.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.