Eversource Energy $ES Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its holdings in Eversource Energy (NYSE:ES) by 17.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,975 shares of the utilities provider’s stock after purchasing an additional 9,705 shares during the quarter. Tidal Investments LLC’s holdings in Eversource Energy were worth $4,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ES. California State Teachers Retirement System increased its holdings in shares of Eversource Energy by 6,017.5% in the second quarter. California State Teachers Retirement System now owns 61,782,250 shares of the utilities provider’s stock valued at $4,465,003,000 after purchasing an additional 60,772,317 shares during the last quarter. BlackRock Inc. acquired a new position in Eversource Energy during the second quarter worth $3,086,413,000. State Street Corp grew its holdings in Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock valued at $1,886,119,000 after buying an additional 1,265,802 shares in the last quarter. Geode Capital Management LLC grew its holdings in Eversource Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after buying an additional 194,781 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Eversource Energy by 61.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after acquiring an additional 3,645,555 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ES has been the topic of several analyst reports. Capital One Financial set a $73.00 price target on Eversource Energy in a report on Wednesday, July 1st. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, BMO Capital Markets decreased their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.92.

Eversource Energy Stock Performance

NYSE ES opened at $68.59 on Monday. The company has a market cap of $25.84 billion, a P/E ratio of 17.77, a P/E/G ratio of 2.97 and a beta of 0.69. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The stock has a 50-day moving average of $72.47 and a two-hundred day moving average of $70.97. Eversource Energy has a 1-year low of $62.89 and a 1-year high of $76.57.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, analysts anticipate that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.7875 per share. The ex-dividend date is Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. Eversource Energy’s dividend payout ratio is 81.61%.

Eversource Energy Company Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.