Eversource Energy $ES Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of Eversource Energy (NYSE:ES) by 47.9% during the 1st quarter, Holdings Channel reports. The firm owned 13,919 shares of the utilities provider’s stock after selling 12,792 shares during the quarter. Sterling Capital Management LLC’s holdings in Eversource Energy were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ES. Lodestone Wealth Management LLC acquired a new stake in Eversource Energy during the fourth quarter valued at $25,000. Activest Wealth Management raised its position in shares of Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 374 shares during the period. TFC Financial Management Inc. raised its position in shares of Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 400 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Eversource Energy during the 4th quarter worth about $28,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Eversource Energy during the 4th quarter worth about $29,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

NYSE ES opened at $72.35 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The stock’s fifty day moving average is $69.18 and its two-hundred day moving average is $69.68. The firm has a market capitalization of $27.21 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 4.88 and a beta of 0.71. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41.

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 the consensus estimate of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the business earned $1.50 earnings per share. Eversource Energy’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. On average, research analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ES shares. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. BMO Capital Markets reduced their price objective on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. JPMorgan Chase & Co. increased their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Finally, UBS Group dropped their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.70.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 7,000 shares of the 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 transaction, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by company 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.