Eversource Energy $ES Position Cut by Gabelli Funds LLC

Gabelli Funds LLC lessened its holdings in shares of Eversource Energy (NYSE:ES) by 0.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 763,900 shares of the utilities provider’s stock after selling 7,100 shares during the quarter. Gabelli Funds LLC owned about 0.20% of Eversource Energy worth $52,923,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Morningstar Investment Management LLC boosted its holdings in shares of Eversource Energy by 8.3% in the first quarter. Morningstar Investment Management LLC now owns 59,884 shares of the utilities provider’s stock valued at $4,149,000 after acquiring an additional 4,573 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Eversource Energy by 0.5% in the first quarter. Public Employees Retirement System of Ohio now owns 112,360 shares of the utilities provider’s stock worth $7,784,000 after purchasing an additional 560 shares during the period. Modern Wealth Management LLC lifted its position in Eversource Energy by 3.7% in the first quarter. Modern Wealth Management LLC now owns 11,275 shares of the utilities provider’s stock worth $785,000 after purchasing an additional 404 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Eversource Energy during the 1st quarter valued at $26,379,000. Finally, Caxton Associates LLP acquired a new position in shares of Eversource Energy during the 1st quarter valued at $243,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy 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 transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Eversource Energy Stock Up 0.5%

Eversource Energy stock opened at $74.96 on Friday. The firm has a market cap of $28.19 billion, a PE ratio of 16.02, a P/E/G ratio of 4.93 and a beta of 0.70. 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 firm’s 50 day moving average price is $71.33 and its two-hundred day moving average price is $70.52. Eversource Energy has a twelve month low of $61.53 and a twelve month high of $76.41.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 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 company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The company’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. On average, research analysts predict that Eversource Energy will post 4.66 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s dividend payout ratio is currently 67.31%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ES shares. Bank of America restated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. UBS Group cut their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a report on Wednesday, July 1st. Finally, Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.82.

Key Stories Impacting Eversource Energy

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: KeyCorp reiterated a constructive long-term view by forecasting steady earnings growth for Eversource, including $4.97 EPS in FY2027, $5.29 in FY2028, $5.66 in FY2029, and $6.00 in FY2030, which suggests improving profit power over time.
• Neutral Sentiment: KeyCorp’s latest quarterly estimates for Q2 2026 ($0.87), Q3 2026 ($1.03), and Q4 2026 ($1.04) were updated, but these figures were in line with the broader narrative of modest utility-style earnings growth rather than a major surprise.
• Negative Sentiment: KeyCorp cut its FY2027 estimate to $4.97 EPS from $5.20, signaling slightly less optimism about next year’s earnings trajectory.
• Negative Sentiment: KeyCorp also reduced FY2028 EPS expectations to $5.29 from $5.52 and FY2029 EPS to $5.66 from $5.83, indicating some cooling in its longer-term forecast.
• Negative Sentiment: BMO Capital Markets lowered its price target on Eversource Energy to $72.00, which may have pressured shares by implying less upside from current levels.
• Negative Sentiment: A separate earnings preview said Eversource’s upcoming Q2 results are expected to decline, adding to cautious sentiment ahead of the report.

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.