Eversource Energy $ES Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in Eversource Energy (NYSE:ES) by 17.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,175,182 shares of the utilities provider’s stock after selling 256,710 shares during the period. California Public Employees Retirement System’s holdings in Eversource Energy were worth $83,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after acquiring an additional 1,319 shares in the last quarter. Woodline Partners LP increased its position in shares of Eversource Energy by 40.8% during the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after purchasing an additional 8,984 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Eversource Energy by 115.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 801 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after purchasing an additional 27,332 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its position in shares of Eversource Energy by 15.5% in the 2nd quarter. Prospera Financial Services Inc now owns 4,401 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 589 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Up 0.0%

Shares of Eversource Energy stock opened at $73.12 on Tuesday. The firm has a market cap of $27.45 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 3.17 and a beta of 0.76. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41. The company’s 50-day simple moving average is $71.24 and its 200-day simple moving average is $69.75. 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 (NYSE:ES) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

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

Analysts Set New Price Targets

ES has been the topic of a number of research reports. UBS Group dropped their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Bank of America reiterated a “buy” rating on shares of Eversource Energy in a research note on Monday, March 2nd. JPMorgan Chase & Co. increased their price objective on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Finally, Mizuho lifted their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average target price of $74.30.

Insider Activity at Eversource Energy

In related news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the sale, the insider directly owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the transaction, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. This represents a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,381 shares of company stock worth $1,211,079 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

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.