Fifth Third Bancorp Raises Holdings in Eversource Energy $ES

Fifth Third Bancorp grew its holdings in shares of Eversource Energy (NYSE:ES) by 434.6% in the first quarter, Holdings Channel.com reports. The firm owned 128,080 shares of the utilities provider’s stock after buying an additional 104,124 shares during the period. Fifth Third Bancorp’s holdings in Eversource Energy were worth $8,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Sachetta LLC increased its holdings in Eversource Energy by 4.8% during the 1st quarter. Sachetta LLC now owns 7,040 shares of the utilities provider’s stock worth $488,000 after acquiring an additional 320 shares during the period. Candriam S.C.A. boosted its holdings in Eversource Energy by 2.8% in the 1st quarter. Candriam S.C.A. now owns 88,047 shares of the utilities provider’s stock valued at $6,100,000 after purchasing an additional 2,379 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Eversource Energy by 13.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 28,952 shares of the utilities provider’s stock valued at $2,006,000 after purchasing an additional 3,503 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Eversource Energy by 6.3% during the 1st quarter. Hsbc Holdings PLC now owns 3,656,740 shares of the utilities provider’s stock valued at $252,858,000 after purchasing an additional 216,863 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in shares of Eversource Energy in the first quarter worth $713,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

ES has been the topic of several recent analyst reports. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Mizuho cut their price objective on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Bank of America restated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.91.

Eversource Energy Stock Performance

NYSE:ES opened at $73.79 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41. The firm has a market cap of $27.75 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 4.94 and a beta of 0.70. The business has a 50 day moving average price of $70.39 and a 200-day moving average price of $70.20.

Eversource Energy (NYSE:ES) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.Eversource Energy’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts predict that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, May 18th. Eversource Energy’s payout ratio is 67.31%.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Eversource Energy Company 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.