Nordea Investment Management AB Cuts Holdings in Eversource Energy $ES

Nordea Investment Management AB trimmed its position in Eversource Energy (NYSE:ES) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,192,168 shares of the utilities provider’s stock after selling 324,244 shares during the quarter. Nordea Investment Management AB owned about 0.32% of Eversource Energy worth $80,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ES. Neo Ivy Capital Management bought a new stake in Eversource Energy in the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in shares of Eversource Energy during the 3rd quarter valued at approximately $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eversource Energy in the third quarter valued at $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Eversource Energy in the second quarter valued at $31,000. Finally, Johnson Financial Group Inc. increased its position in Eversource Energy by 73.5% in the third quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 197 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Cotton M. Cleveland sold 2,581 shares of the business’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 completion of the transaction, the insider owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% 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. Also, 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 value of $576,420.00. Following the transaction, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. This represents a 15.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,381 shares of company stock worth $1,211,079. Insiders own 0.19% of the company’s stock.

Eversource Energy Stock Up 1.4%

Shares of ES opened at $67.62 on Tuesday. The company has a market cap of $25.39 billion, a PE ratio of 14.80, a P/E/G ratio of 2.89 and a beta of 0.76. The business has a fifty day moving average of $71.48 and a 200 day moving average of $69.97. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. Eversource Energy’s quarterly revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 4.7%. The ex-dividend date is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is currently 68.93%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ES shares. Bank of America reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Monday, March 2nd. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. BMO Capital Markets reduced their target price on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $71.00 to $78.00 in a report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Company Profile

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.