Mackenzie Financial Corp Boosts Stock Position in Eversource Energy $ES

Mackenzie Financial Corp boosted its position in Eversource Energy (NYSE:ES) by 1.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 913,624 shares of the utilities provider’s stock after purchasing an additional 11,771 shares during the quarter. Mackenzie Financial Corp owned approximately 0.24% of Eversource Energy worth $64,995,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Eversource Energy by 7.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock worth $26,673,000 after purchasing an additional 30,641 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Eversource Energy by 5.4% during the 3rd quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock valued at $27,521,000 after purchasing an additional 19,795 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Eversource Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock worth $2,904,422,000 after purchasing an additional 691,165 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Eversource Energy by 31.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock worth $2,506,000 after purchasing an additional 9,350 shares in the last quarter. Finally, Synergy Asset Management LLC grew its stake in Eversource Energy by 287.7% during the 3rd quarter. Synergy Asset Management LLC now owns 160,322 shares of the utilities provider’s stock worth $10,783,000 after buying an additional 118,971 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 firms have commented on ES. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $71.00 to $78.00 in a research note on Tuesday, February 17th. Bank of America restated a “buy” rating on shares of Eversource Energy in a research note on Monday, March 2nd. BMO Capital Markets upped their price objective on shares of Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Mizuho increased their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $73.90.

Insider Buying and Selling

In related news, insider John Y. Kim sold 6,000 shares of the company’s 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 sale, the insider owned 12,339 shares in the company, valued at $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the transaction, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,381 shares of company stock valued at $1,211,079 over the last quarter. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Price Performance

NYSE ES opened at $73.99 on Thursday. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.18 and a beta of 0.76. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The stock’s fifty day moving average price is $70.91 and its 200 day moving average price is $69.53. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $76.41.

Eversource Energy (NYSE:ES) last issued 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 company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share 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 issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s dividend payout ratio is presently 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.