Hsbc Holdings PLC Decreases Stock Holdings in Eversource Energy $ES

Hsbc Holdings PLC reduced its stake in shares of Eversource Energy (NYSE:ES) by 1.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,439,877 shares of the utilities provider’s stock after selling 33,412 shares during the quarter. Hsbc Holdings PLC’s holdings in Eversource Energy were worth $231,581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its position in shares of Eversource Energy by 15.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,101 shares of the utilities provider’s stock valued at $748,000 after acquiring an additional 1,458 shares during the period. World Investment Advisors raised its holdings in Eversource Energy by 82.0% during the fourth quarter. World Investment Advisors now owns 7,564 shares of the utilities provider’s stock worth $509,000 after purchasing an additional 3,407 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Eversource Energy by 26.2% during the fourth quarter. Corient Private Wealth LLC now owns 77,101 shares of the utilities provider’s stock worth $5,192,000 after purchasing an additional 16,021 shares during the last quarter. Union Savings Bank purchased a new stake in Eversource Energy during the fourth quarter worth $841,000. Finally, SHP Wealth Management purchased a new stake in Eversource Energy during the fourth quarter worth $1,917,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Up 2.9%

Shares of NYSE:ES opened at $74.30 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The stock’s fifty day simple moving average is $69.41 and its 200-day simple moving average is $69.76. The company has a market capitalization of $27.94 billion, a P/E ratio of 15.88, a P/E/G ratio of 4.78 and a beta of 0.70.

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

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s payout ratio is presently 67.31%.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ES shares. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Mizuho lowered their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research report on Wednesday. UBS Group reduced their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Eversource Energy in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.91.

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.