John G Ullman & Associates Inc. Grows Stock Holdings in Eversource Energy $ES

John G Ullman & Associates Inc. increased its stake in shares of Eversource Energy (NYSE:ES) by 19.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 194,800 shares of the utilities provider’s stock after acquiring an additional 31,875 shares during the period. Eversource Energy makes up about 1.7% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 12th largest position. John G Ullman & Associates Inc.’s holdings in Eversource Energy were worth $13,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ES. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Eversource Energy by 23,707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after buying an additional 4,630,216 shares during the last quarter. AQR Capital Management LLC increased its position in Eversource Energy by 412.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider’s stock worth $127,133,000 after purchasing an additional 1,449,388 shares during the period. LSV Asset Management raised its stake in shares of Eversource Energy by 331.5% during the 3rd quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock worth $111,446,000 after buying an additional 1,203,563 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Eversource Energy by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after buying an additional 1,161,708 shares in the last quarter. Finally, Aventail Capital Group LP raised its stake in shares of Eversource Energy by 134.6% during the 3rd quarter. Aventail Capital Group LP now owns 1,366,121 shares of the utilities provider’s stock worth $97,186,000 after buying an additional 783,768 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ES shares. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. BMO Capital Markets cut their target price on 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. Mizuho cut their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, Scotiabank cut their target price on 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 given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.70.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $67.26 on Friday. The business’s 50 day simple moving average is $69.54 and its 200-day simple moving average is $69.75. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 4.45 and a beta of 0.74. 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 has a 12 month low of $61.53 and a 12 month high of $76.41.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.7875 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.7%. Eversource Energy’s payout ratio is 67.31%.

Insider Transactions at Eversource Energy

In other news, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president owned 43,269 shares of the company’s stock, valued at $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the business’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 directly owned 12,339 shares in the company, valued at $907,780.23. This trade represents a 32.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,381 shares of company stock valued at $1,211,079 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

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.