Yousif Capital Management LLC Sells 8,284 Shares of Eversource Energy $ES

Yousif Capital Management LLC trimmed its position in shares of Eversource Energy (NYSE:ES) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,648 shares of the utilities provider’s stock after selling 8,284 shares during the period. Yousif Capital Management LLC’s holdings in Eversource Energy were worth $9,603,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. lifted its stake in shares of Eversource Energy by 5.4% in the third quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock valued at $27,521,000 after buying an additional 19,795 shares during the period. Synergy Asset Management LLC lifted its stake in shares of Eversource Energy by 287.7% in the third quarter. Synergy Asset Management LLC now owns 160,322 shares of the utilities provider’s stock valued at $10,783,000 after buying an additional 118,971 shares during the period. Legal & General Group Plc lifted its stake in shares of Eversource Energy by 1.3% in the third quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider’s stock valued at $361,996,000 after buying an additional 63,466 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Eversource Energy by 34.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 42,460 shares of the utilities provider’s stock valued at $3,021,000 after buying an additional 10,775 shares during the period. Finally, SteelPeak Wealth LLC bought a new stake in shares of Eversource Energy in the third quarter valued at about $868,000. 79.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John M. Moreira sold 7,800 shares of Eversource Energy 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 completion of the transaction, the executive vice president owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the transaction, the insider owned 12,339 shares of the company’s stock, valued at $907,780.23. This trade represents a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,381 shares of company stock worth $1,211,079 over the last quarter. Company insiders own 0.41% of the company’s stock.

Eversource Energy Stock Up 0.8%

Shares of ES opened at $70.02 on Thursday. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 3.74 and a beta of 0.76. 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 has a 12 month low of $52.28 and a 12 month high of $76.41. The company has a 50-day moving average price of $71.17 and a two-hundred day moving average price of $70.30.

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

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th were paid a dividend of $0.7875 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Thursday, March 5th. Eversource Energy’s dividend payout ratio is 68.93%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ES. Mizuho reduced their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Bank of America reduced 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 note on Friday, March 27th. BMO Capital Markets reduced their target price on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, March 23rd. Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Wells Fargo & Company reduced their target price on shares of Eversource Energy from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.90.

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.