ProShare Advisors LLC Has $153.03 Million Stake in Eversource Energy $ES

ProShare Advisors LLC decreased its holdings in Eversource Energy (NYSE:ES) by 13.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,272,859 shares of the utilities provider’s stock after selling 343,842 shares during the period. ProShare Advisors LLC’s holdings in Eversource Energy were worth $153,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ES. Lodestone Wealth Management LLC acquired a new stake in Eversource Energy in the 4th quarter worth about $25,000. Root Financial Partners LLC bought a new position in Eversource Energy in the 3rd quarter valued at about $26,000. Activest Wealth Management increased its holdings in Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after buying an additional 374 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eversource Energy in the 3rd quarter valued at about $27,000. Finally, TFC Financial Management Inc. increased its holdings in Eversource Energy by 2,857.1% in the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling

In related news, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the transaction, the executive vice president directly owned 43,269 shares in the company, valued at $3,197,579.10. This represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the transaction, the insider owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,381 shares of company stock worth $1,211,079 in the last three months. 0.18% of the stock is owned by corporate insiders.

Eversource Energy Price Performance

ES stock opened at $68.09 on Tuesday. The company has a 50 day simple moving average of $69.43 and a 200 day simple moving average of $69.67. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 4.45 and a beta of 0.74. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. 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 (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (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 firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, May 18th. Eversource Energy’s dividend payout ratio is currently 67.31%.

Wall Street Analyst Weigh In

ES has been the topic of several recent analyst reports. Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. UBS Group decreased their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Mizuho decreased 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. Scotiabank decreased 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 report on Tuesday, April 21st. Finally, Argus raised shares of Eversource Energy to a “strong-buy” rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.70.

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.