iSAM Funds UK Ltd Has $4.57 Million Holdings in Eversource Energy $ES

iSAM Funds UK Ltd raised its holdings in Eversource Energy (NYSE:ES) by 99.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,276 shares of the utilities provider’s stock after buying an additional 31,975 shares during the period. Eversource Energy comprises approximately 0.9% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 13th biggest holding. iSAM Funds UK Ltd’s holdings in Eversource Energy were worth $4,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Asset Strategies Inc. increased its holdings in shares of Eversource Energy by 1.0% during the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock worth $945,000 after acquiring an additional 138 shares during the last quarter. Mystic Asset Management Inc. lifted its holdings in Eversource Energy by 0.9% during the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after purchasing an additional 150 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Eversource Energy by 3.3% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock valued at $360,000 after purchasing an additional 162 shares during the last quarter. Parallel Advisors LLC boosted its position in Eversource Energy by 4.9% during 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 period. Finally, Fifth Third Bancorp boosted its position in Eversource Energy by 0.8% during the third quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider’s stock worth $1,686,000 after purchasing an additional 186 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ES has been the topic of several research analyst reports. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $71.00 to $78.00 in a research report on Tuesday, February 17th. JPMorgan Chase & Co. lifted their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Monday, November 24th. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Finally, Scotiabank lowered their price target on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Thursday, November 20th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.30.

Insiders Place Their Bets

In other Eversource Energy news, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares of the company’s stock, valued at $5,941,982.68. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Y. Kim sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the transaction, the insider owned 12,339 shares in the company, valued at approximately $907,780.23. The trade was a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,381 shares of company stock worth $1,211,079 in the last quarter. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $73.05 on Friday. 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 firm has a market cap of $27.43 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 3.17 and a beta of 0.76. The stock’s fifty day moving average price is $71.12 and its two-hundred day moving average price is $69.62. Eversource Energy has a one year low of $52.28 and a one year high of $76.41.

Eversource Energy (NYSE:ES) last posted 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 company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. This represents a $3.15 annualized dividend and a yield of 4.3%. Eversource Energy’s dividend payout ratio is presently 68.93%.

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.