Lansforsakringar Fondforvaltning AB publ Has $8.20 Million Stake in Eversource Energy $ES

Lansforsakringar Fondforvaltning AB publ increased its holdings in Eversource Energy (NYSE:ES) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,298 shares of the utilities provider’s stock after acquiring an additional 7,956 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Eversource Energy were worth $8,202,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Eversource Energy by 7.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock valued at $26,673,000 after buying an additional 30,641 shares during the period. Alps Advisors Inc. raised its holdings in shares of Eversource Energy by 5.4% during the third quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock worth $27,521,000 after acquiring an additional 19,795 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Eversource Energy by 31.1% during the second quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock worth $2,506,000 after acquiring an additional 9,350 shares in the last quarter. Vanguard Group Inc. boosted its position in Eversource Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock valued at $2,904,422,000 after purchasing an additional 691,165 shares during the last quarter. Finally, Synergy Asset Management LLC grew its stake in 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 purchasing an additional 118,971 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

NYSE ES opened at $74.88 on Tuesday. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $75.25. The company has a fifty day simple moving average of $69.12 and a 200 day simple moving average of $68.79. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The company has a market cap of $28.12 billion, a P/E ratio of 16.39, a P/E/G ratio of 3.18 and a beta of 0.77.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share 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 analyst estimates of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be issued a $0.7875 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. Eversource Energy’s payout ratio is 65.86%.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the transaction, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. The trade was a 32.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the 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 sale, the executive vice president directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

ES has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. JPMorgan Chase & Co. reduced their target price on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $71.00 to $78.00 in a report on Tuesday, February 17th. Scotiabank reduced their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.90.

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.