Hsbc Holdings PLC Lowers Stock Holdings in Eversource Energy $ES

Hsbc Holdings PLC lowered its stake in Eversource Energy (NYSE:ES) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ES. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Eversource Energy by 1.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock valued at $999,000 after buying an additional 140 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Eversource Energy by 1.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after acquiring an additional 142 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Eversource Energy by 1.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after acquiring an additional 160 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Eversource Energy by 1.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock worth $975,000 after acquiring an additional 162 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of 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 acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.1%

Shares of NYSE ES opened at $69.50 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 firm has a 50-day moving average price of $68.81 and a 200 day moving average price of $69.41. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 4.60 and a beta of 0.71.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the firm earned $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. Equities research analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

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 4.5%. Eversource Energy’s payout ratio is 67.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ES shares. Scotiabank reduced 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 report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Bank of America reissued a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Three 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 stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $71.70.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Eversource Energy Profile

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.