Lansforsakringar Fondforvaltning AB publ Grows Stock Holdings in Eversource Energy $ES

Lansforsakringar Fondforvaltning AB publ grew its position in Eversource Energy (NYSE:ES) by 27.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 147,226 shares of the utilities provider’s stock after buying an additional 31,663 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Eversource Energy were worth $10,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ES. Lodestone Wealth Management LLC purchased a new position in shares of Eversource Energy in the fourth quarter worth $25,000. 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 worth $26,000 after buying an additional 374 shares in the last quarter. 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 worth $28,000 after buying an additional 400 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Eversource Energy during the fourth quarter valued at approximately $28,000. Finally, Key Capital Management INC purchased a new stake in Eversource Energy during the 4th quarter valued at $29,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $72.22 on Thursday. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 4.78 and a beta of 0.70. The firm has a fifty day moving average price of $69.26 and a 200 day moving average price of $69.71. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.21 billion. During the same period last year, the firm posted $1.50 earnings per share. Eversource Energy’s revenue for the quarter 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. As a group, sell-side analysts expect that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on ES shares. Scotiabank lowered their price objective 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. BMO Capital Markets restated a “market perform” rating on shares of Eversource Energy in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. Mizuho decreased their price target on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday. 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. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average price target of $71.82.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by 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.