MUFG Securities EMEA plc Has $1.04 Million Position in Eversource Energy $ES

MUFG Securities EMEA plc boosted its stake in shares of Eversource Energy (NYSE:ES) by 116.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,381 shares of the utilities provider’s stock after acquiring an additional 8,278 shares during the period. MUFG Securities EMEA plc’s holdings in Eversource Energy were worth $1,036,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ES. Lodestone Wealth Management LLC bought a new position in Eversource Energy during the 4th quarter worth $25,000. Activest Wealth Management increased its stake in Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 374 shares during the period. TFC Financial Management Inc. increased its stake in Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 400 shares during the period. Key Capital Management INC bought a new position in Eversource Energy during the 4th quarter worth $29,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Eversource Energy in the 4th quarter valued at $29,000. Institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ES shares. 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. Bank of America reiterated a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research note on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. Finally, Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.70.

Eversource Energy Trading Up 2.8%

Shares of ES opened at $68.48 on Wednesday. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The business’s fifty day moving average is $68.64 and its 200-day moving average is $69.38. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 4.41 and a beta of 0.71.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates 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%.Eversource Energy’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. Eversource Energy’s payout ratio is currently 67.31%.

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.