Shell Asset Management Co. Has $1.03 Million Stake in Eversource Energy $ES

Shell Asset Management Co. reduced its stake in shares of Eversource Energy (NYSE:ES) by 35.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,496 shares of the utilities provider’s stock after selling 8,033 shares during the period. Shell Asset Management Co.’s holdings in Eversource Energy were worth $1,031,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of ES. HighTower Advisors LLC grew its holdings in Eversource Energy by 20.9% during the third quarter. HighTower Advisors LLC now owns 294,295 shares of the utilities provider’s stock worth $20,936,000 after buying an additional 50,961 shares in the last quarter. Aberdeen Group plc lifted its stake in Eversource Energy by 5.6% during the 3rd quarter. Aberdeen Group plc now owns 805,530 shares of the utilities provider’s stock valued at $56,814,000 after acquiring an additional 42,649 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Eversource Energy by 23.1% during the 3rd quarter. Metis Global Partners LLC now owns 23,620 shares of the utilities provider’s stock worth $1,680,000 after acquiring an additional 4,436 shares during the last quarter. Assetmark Inc. grew its stake in shares of Eversource Energy by 31.0% in the 3rd quarter. Assetmark Inc. now owns 80,950 shares of the utilities provider’s stock worth $5,759,000 after acquiring an additional 19,170 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Eversource Energy by 9.0% in the 3rd quarter. Atria Investments Inc now owns 35,314 shares of the utilities provider’s stock worth $2,512,000 after acquiring an additional 2,907 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 4.3%

Shares of ES stock opened at $73.37 on Tuesday. The company has a 50 day moving average of $68.58 and a 200-day moving average of $68.53. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $75.25. The firm has a market cap of $27.53 billion, a P/E ratio of 16.05, a PEG ratio of 3.16 and a beta of 0.77.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.27% and a net margin of 12.49%.The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. Eversource Energy’s revenue for the quarter was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a yield of 4.3%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio (DPR) is presently 65.86%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of Eversource Energy from $79.00 to $77.00 and set a “market perform” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. JPMorgan Chase & Co. reduced their target price on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Finally, Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $73.00 to $85.00 in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $71.50.

About Eversource Energy

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.