Oddo BHF Asset Management Sas Increases Stock Holdings in Eversource Energy $ES

Oddo BHF Asset Management Sas increased its holdings in Eversource Energy (NYSE:ES) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,123 shares of the utilities provider’s stock after purchasing an additional 10,544 shares during the period. Oddo BHF Asset Management Sas’ holdings in Eversource Energy were worth $3,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lodestone Wealth Management LLC purchased a new position in Eversource Energy during the fourth quarter worth approximately $25,000. Activest Wealth Management raised its stake in Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the period. TFC Financial Management Inc. raised its stake in Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares during the period. Godfrey Financial Associates Inc. purchased a new position in Eversource Energy during the fourth quarter worth approximately $29,000. Finally, Key Capital Management INC purchased a new position in Eversource Energy during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ES. Scotiabank cut their price target 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. Wells Fargo & Company increased their price target on shares of Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. BMO Capital Markets cut their price target on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Mizuho decreased their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average target price of $71.70.

Eversource Energy Trading Up 0.8%

NYSE:ES opened at $69.79 on Wednesday. The business’s 50-day moving average is $68.83 and its two-hundred day moving average is $69.37. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. 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 $26.25 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 4.58 and a beta of 0.71.

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

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be paid a $0.7875 dividend. The ex-dividend date is Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio is 67.31%.

Insider Buying and Selling at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the company’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 transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

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.