North Dakota State Investment Board Acquires New Holdings in Eversource Energy $ES

North Dakota State Investment Board acquired a new stake in shares of Eversource Energy (NYSE:ES) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 12,597 shares of the utilities provider’s stock, valued at approximately $848,000.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after acquiring an additional 1,319 shares in the last quarter. Woodline Partners LP boosted its stake in Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after acquiring an additional 8,984 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Eversource Energy by 115.1% in the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after acquiring an additional 801 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in Eversource Energy by 87.9% in the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after acquiring an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in Eversource Energy by 4.6% in the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 349 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ES. JPMorgan Chase & Co. lifted their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. BMO Capital Markets lowered their price objective on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Finally, Scotiabank lowered their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.70.

Insider Transactions at Eversource Energy

In related news, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the transaction, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Eversource Energy Trading Up 0.4%

NYSE ES opened at $69.06 on Thursday. The company has a market capitalization of $25.97 billion, a PE ratio of 14.76, a P/E/G ratio of 4.56 and a beta of 0.74. The company has a fifty day moving average of $69.21 and a 200 day moving average of $69.60. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.41. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts forecast that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. Eversource Energy’s payout ratio is currently 67.31%.

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.