Wedge Capital Management L L P NC Sells 14,804 Shares of Eversource Energy $ES

Wedge Capital Management L L P NC lowered its stake in shares of Eversource Energy (NYSE:ES) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,383 shares of the utilities provider’s stock after selling 14,804 shares during the period. Wedge Capital Management L L P NC’s holdings in Eversource Energy were worth $7,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in shares of Eversource Energy in the 3rd quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Eversource Energy during the 3rd quarter worth $27,000. Elevation Point Wealth Partners LLC bought a new stake in Eversource Energy during the second quarter valued at about $31,000. Johnson Financial Group Inc. boosted its position in Eversource Energy by 73.5% during the third quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Finally, BOKF NA grew its stake in Eversource Energy by 23,700.0% in the third quarter. BOKF NA now owns 476 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 474 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

More Eversource Energy News

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

• Positive Sentiment: Argus upgraded Eversource, which supports investor confidence and suggests upside vs. recent weakness. Eversource Energy Upgraded at Argus
• Neutral Sentiment: Bank of America cut its price target (from $82 to $73) but kept a “buy” rating, signaling view that the shares still have upside despite the regulatory headwinds. Benzinga: Bank of America coverage
• Negative Sentiment: Regulatory ruling: 24/7 Wall St. reports FERC’s ROE reset creates refund risk for utilities, a primary driver of the recent pullback in Eversource shares as investors price in potential rate adjustments and earnings pressure. Eversource Takes a Hit as Regulators Reset ROE and Trigger Refund Risk
• Negative Sentiment: UBS lowered its price target to $74 and moved to a “neutral” view, indicating less upside and contributing to selling pressure. Benzinga: UBS coverage
• Negative Sentiment: Mizuho trimmed its target to $70 and shifted to “neutral,” another downgrade that reinforces market caution on ROE/regulatory risk. Benzinga: Mizuho coverage
• Negative Sentiment: BMO reduced its price recommendation (reported by InsiderMonkey), citing the ROE ruling as the rationale—adding to the chorus of analyst cuts pressuring the stock. Eversource Energy (ES) Price Target Reduced by BMO Capital on ROE Ruling

Analyst Ratings Changes

A number of brokerages have commented on ES. JPMorgan Chase & Co. boosted their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. UBS Group lowered their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets cut their price objective on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Bank of America decreased their target price on shares of Eversource Energy from $82.00 to $73.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $72.30.

Insiders Place Their Bets

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the sale, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. The trade was a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 16,381 shares of company stock valued at $1,211,079. 0.41% of the stock is owned by company insiders.

Eversource Energy Stock Down 0.6%

NYSE:ES opened at $67.53 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $76.41. The company has a market cap of $25.36 billion, a PE ratio of 14.78, a P/E/G ratio of 2.93 and a beta of 0.76. The company’s 50 day moving average is $71.32 and its two-hundred day moving average is $70.04.

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

Eversource Energy Increases Dividend

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

Eversource Energy 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.