Nomura Asset Management Co. Ltd. Cuts Stake in Eversource Energy $ES

Nomura Asset Management Co. Ltd. reduced its holdings in shares of Eversource Energy (NYSE:ES) by 11.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 708,580 shares of the utilities provider’s stock after selling 94,258 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Eversource Energy were worth $47,709,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ES. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy during the 4th quarter worth approximately $25,000. Activest Wealth Management increased its stake in Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares during the period. TFC Financial Management Inc. increased its stake in Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after buying an additional 400 shares during the period. Key Capital Management INC purchased a new stake in Eversource Energy during the 4th quarter worth approximately $29,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Eversource Energy during the 4th quarter worth approximately $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 0.2%

Shares of NYSE:ES opened at $68.40 on Monday. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.41. The company’s 50 day moving average is $68.70 and its two-hundred day moving average is $69.42. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The company has a market cap of $25.72 billion, a PE ratio of 14.61, a P/E/G ratio of 4.52 and a beta of 0.72.

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

Eversource Energy Dividend Announcement

The business also recently announced 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. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Analysts Set New Price Targets

ES has been the topic of several recent research reports. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Mizuho dropped 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 report on Thursday, March 26th. Argus raised shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Bank of America reissued a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets dropped their price objective 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, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.70.

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.