Geode Capital Management LLC Has $646.23 Million Stake in Eversource Energy $ES

Geode Capital Management LLC grew its holdings in shares of Eversource Energy (NYSE:ES) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 9,635,907 shares of the utilities provider’s stock after buying an additional 194,781 shares during the period. Geode Capital Management LLC’s holdings in Eversource Energy were worth $646,233,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC bought a new stake in shares of Eversource Energy during the fourth quarter worth about $25,000. Activest Wealth Management grew its holdings in shares of Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the last quarter. TFC Financial Management Inc. grew its holdings in shares of Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. Key Capital Management INC bought a new stake in shares of Eversource Energy during the fourth quarter worth about $29,000. Finally, Quest 10 Wealth Builders Inc. bought a new stake in shares of Eversource Energy during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ES shares. UBS Group reduced their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. JPMorgan Chase & Co. boosted their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Wells Fargo & Company boosted their price target on Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, Bank of America restated a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. One equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.70.

Eversource Energy Stock Performance

Shares of ES stock opened at $68.40 on Friday. The business’s 50 day simple moving average is $68.70 and its 200 day simple moving average is $69.45. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The stock has a market capitalization of $25.72 billion, a PE ratio of 14.61, a PEG ratio of 4.52 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 (NYSE:ES) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.21 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts forecast that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

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