Eversource Energy $ES Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in Eversource Energy (NYSE:ES) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 913,624 shares of the utilities provider’s stock after purchasing an additional 11,771 shares during the quarter. Mackenzie Financial Corp’s holdings in Eversource Energy were worth $64,995,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Neo Ivy Capital Management purchased a new position in shares of Eversource Energy during the 2nd quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in shares of Eversource Energy in the 3rd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Eversource Energy in the third quarter worth about $27,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Eversource Energy in the second quarter worth about $31,000. Finally, Anchor Investment Management LLC grew its holdings in Eversource Energy by 122.0% during the second quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 300 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John M. Moreira sold 7,800 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. This trade represents a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the sale, the insider directly owned 12,339 shares in the company, valued at $907,780.23. This represents a 32.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,381 shares of company stock worth $1,211,079 in the last quarter. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

ES has been the subject of several recent research reports. BMO Capital Markets lifted their price target on Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Bank of America restated a “buy” rating on shares of Eversource Energy in a research report on Monday, March 2nd. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, UBS Group decreased their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Price Performance

NYSE:ES opened at $73.99 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $76.41. The stock’s 50-day moving average price is $70.91 and its 200-day moving average price is $69.53. The stock has a market capitalization of $27.78 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 3.18 and a beta of 0.76.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.Eversource Energy’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio is currently 68.93%.

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.