Maryland State Retirement & Pension System Has $25.06 Million Holdings in Eversource Energy $ES

Maryland State Retirement & Pension System lifted its position in shares of Eversource Energy (NYSE:ES) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,192 shares of the utilities provider’s stock after buying an additional 10,322 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Eversource Energy were worth $25,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ES. Norges Bank acquired a new position in Eversource Energy in the fourth quarter valued at $324,032,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Eversource Energy by 23,707.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock valued at $313,067,000 after buying an additional 4,630,216 shares during the period. Victory Capital Management Inc. lifted its holdings in Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after buying an additional 3,645,555 shares during the period. Deutsche Bank AG lifted its holdings in Eversource Energy by 78.1% in the fourth quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after buying an additional 2,341,912 shares during the period. Finally, Cohen & Steers Inc. acquired a new position in Eversource Energy in the fourth quarter valued at $104,848,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.8%

NYSE:ES opened at $69.79 on Wednesday. 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 stock has a market capitalization of $26.25 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 4.58 and a beta of 0.72. The firm has a fifty day simple moving average of $68.83 and a two-hundred day simple moving average of $69.37. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.41.

Eversource Energy (NYSE:ES) last posted 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 business 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%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts expect that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ES. Bank of America restated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Mizuho dropped their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Wells Fargo & Company boosted their target price on shares of Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $71.70.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the sale, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Eversource Energy Company 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.