Sterling Capital Management LLC Sells 12,792 Shares of Eversource Energy $ES

Sterling Capital Management LLC reduced its holdings in shares of Eversource Energy (NYSE:ES) by 47.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,919 shares of the utilities provider’s stock after selling 12,792 shares during the period. Sterling Capital Management LLC’s holdings in Eversource Energy were worth $964,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in Eversource Energy by 1.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after acquiring an additional 140 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Eversource Energy by 1.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after purchasing an additional 142 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Eversource Energy by 1.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 160 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Eversource Energy by 1.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock valued at $975,000 after purchasing an additional 162 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Eversource Energy by 4.9% in the third quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 169 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Wells Fargo & Company increased their price objective on Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Scotiabank reduced their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Mizuho decreased their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Finally, JPMorgan Chase & Co. raised their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $71.70.

Eversource Energy Stock Down 1.9%

NYSE ES opened at $72.35 on Wednesday. The company has a market capitalization of $27.21 billion, a P/E ratio of 15.46, a P/E/G ratio of 4.88 and a beta of 0.71. The stock has a 50 day moving average price of $69.18 and a 200-day moving average price of $69.68. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a one year low of $61.53 and a one year high of $76.41.

Eversource Energy (NYSE:ES) last released its quarterly 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 return on equity of 11.59% and a net margin of 12.55%.The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $1.50 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts predict that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were given a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.4%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was 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 of the company’s stock, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

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.