SEB Asset Management AB Invests $631,000 in Eversource Energy $ES

SEB Asset Management AB bought a new stake in Eversource Energy (NYSE:ES) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,105 shares of the utilities provider’s stock, valued at approximately $631,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lodestone Wealth Management LLC bought a new stake in Eversource Energy during the 4th quarter worth approximately $25,000. Activest Wealth Management raised its position in Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 374 shares during the last quarter. TFC Financial Management Inc. boosted its stake in Eversource Energy by 2,857.1% in 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 in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Eversource Energy in the fourth quarter worth $28,000. Finally, Key Capital Management INC acquired a new position in Eversource Energy in the fourth quarter worth $29,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of research reports. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Scotiabank decreased their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Bank of America reissued a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, BMO Capital Markets lowered their price objective on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $71.82.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Eversource Energy News Roundup

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: KeyCorp reiterated a constructive long-term view by forecasting steady earnings growth for Eversource, including $4.97 EPS in FY2027, $5.29 in FY2028, $5.66 in FY2029, and $6.00 in FY2030, which suggests improving profit power over time.
• Neutral Sentiment: KeyCorp’s latest quarterly estimates for Q2 2026 ($0.87), Q3 2026 ($1.03), and Q4 2026 ($1.04) were updated, but these figures were in line with the broader narrative of modest utility-style earnings growth rather than a major surprise.
• Negative Sentiment: KeyCorp cut its FY2027 estimate to $4.97 EPS from $5.20, signaling slightly less optimism about next year’s earnings trajectory.
• Negative Sentiment: KeyCorp also reduced FY2028 EPS expectations to $5.29 from $5.52 and FY2029 EPS to $5.66 from $5.83, indicating some cooling in its longer-term forecast.
• Negative Sentiment: BMO Capital Markets lowered its price target on Eversource Energy to $72.00, which may have pressured shares by implying less upside from current levels.
• Negative Sentiment: A separate earnings preview said Eversource’s upcoming Q2 results are expected to decline, adding to cautious sentiment ahead of the report.

Eversource Energy Price Performance

Shares of ES stock opened at $74.96 on Friday. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The stock has a market cap of $28.19 billion, a PE ratio of 16.02, a PEG ratio of 4.93 and a beta of 0.70. 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’s 50 day moving average price is $71.33 and its two-hundred day moving average price is $70.52.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The business’s quarterly 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. As a group, analysts forecast that Eversource Energy will post 4.66 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were paid a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. Eversource Energy’s payout ratio is 67.31%.

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.