BROOKFIELD Corp ON Sells 666,393 Shares of Eversource Energy $ES

BROOKFIELD Corp ON reduced its holdings in shares of Eversource Energy (NYSE:ES) by 70.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,532 shares of the utilities provider’s stock after selling 666,393 shares during the period. BROOKFIELD Corp ON’s holdings in Eversource Energy were worth $19,643,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Eversource Energy during the 4th quarter valued at about $324,032,000. Northwestern Mutual Wealth Management Co. increased 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 worth $313,067,000 after purchasing an additional 4,630,216 shares in the last quarter. Victory Capital Management Inc. increased 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 worth $642,747,000 after purchasing an additional 3,645,555 shares in the last quarter. Deutsche Bank AG lifted its stake 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 approximately $104,848,000. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction dated 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 transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES stock opened at $74.96 on Monday. 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 firm has a fifty day simple moving average of $71.33 and a two-hundred day simple moving average of $70.54. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.41. The firm has a market capitalization of $28.19 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 4.95 and a beta of 0.70.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts forecast that Eversource Energy will post 4.66 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were given a $0.7875 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.2%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.31%.

More Eversource Energy News

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: KeyCorp reiterated a constructive long-term view by forecasting steady earnings growth for Eversource, including $4.97 EPS in FY2027, $5.29 in FY2028, $5.66 in FY2029, and $6.00 in FY2030, which suggests improving profit power over time.
• Neutral Sentiment: KeyCorp’s latest quarterly estimates for Q2 2026 ($0.87), Q3 2026 ($1.03), and Q4 2026 ($1.04) were updated, but these figures were in line with the broader narrative of modest utility-style earnings growth rather than a major surprise.
• Negative Sentiment: KeyCorp cut its FY2027 estimate to $4.97 EPS from $5.20, signaling slightly less optimism about next year’s earnings trajectory.
• Negative Sentiment: KeyCorp also reduced FY2028 EPS expectations to $5.29 from $5.52 and FY2029 EPS to $5.66 from $5.83, indicating some cooling in its longer-term forecast.
• Negative Sentiment: BMO Capital Markets lowered its price target on Eversource Energy to $72.00, which may have pressured shares by implying less upside from current levels.
• Negative Sentiment: A separate earnings preview said Eversource’s upcoming Q2 results are expected to decline, adding to cautious sentiment ahead of the report.

Analyst Upgrades and Downgrades

ES has been the subject of several recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Scotiabank cut their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Four equities 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $71.82.

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.