National Pension Service Has $52.73 Million Stock Holdings in Eversource Energy $ES

National Pension Service raised its position in Eversource Energy (NYSE:ES) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 729,627 shares of the utilities provider’s stock after buying an additional 28,620 shares during the quarter. National Pension Service’s holdings in Eversource Energy were worth $52,730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ES. Elevation Wealth Partners LLC boosted its holdings in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 240 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Eversource Energy during the 2nd quarter valued at about $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Eversource Energy in the 4th quarter valued at about $28,000. Godfrey Financial Associates Inc. bought a new position in shares of Eversource Energy in the 4th quarter valued at about $29,000. Finally, First Bancorp Inc ME acquired a new stake in Eversource Energy during the 2nd quarter worth $30,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.6%

Shares of ES stock opened at $68.59 on Friday. Eversource Energy has a 12-month low of $62.89 and a 12-month high of $76.57. The company has a market capitalization of $25.84 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.69. The firm has a 50 day moving average price of $72.47 and a two-hundred day moving average price of $71.00. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, analysts predict that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, September 21st. Eversource Energy’s dividend payout ratio (DPR) is currently 81.61%.

Analysts Set New Price Targets

A number of research firms recently commented on ES. Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. BMO Capital Markets cut their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Citigroup reiterated a “hold” rating and issued a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Weiss Ratings raised shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Finally, Mizuho lifted their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Company Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.