Bfsg LLC Acquires Shares of 54,502 Eversource Energy $ES

Key Points

• Bfsg LLC acquired a new stake of 54,502 shares in Eversource during Q4 (≈$3.67M), and institutional investors collectively own 79.99% of the company.
• Eversource beat Q4 EPS estimates with $1.12 (vs. $1.10 expected) and revenue of $3.37B (up 13.4% y/y), and set FY2026 guidance of 4.800–4.950 EPS (consensus ~4.75).
• The company increased its quarterly dividend to $0.7875 (annualized $3.15), implying a yield of 4.5% and a dividend payout ratio of about 68.9%.

Bfsg LLC acquired a new stake in Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 54,502 shares of the utilities provider's stock, valued at approximately $3,670,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Jackson Thornton Wealth Management LLC acquired a new position in Eversource Energy in the 4th quarter valued at approximately $222,000. Northcape Wealth Management LLC increased its stake in Eversource Energy by 0.8% in the 4th quarter. Northcape Wealth Management LLC now owns 33,703 shares of the utilities provider's stock valued at $2,269,000 after buying an additional 271 shares during the period. Oak Thistle LLC acquired a new position in Eversource Energy in the 4th quarter valued at approximately $678,000. Greenleaf Trust increased its stake in Eversource Energy by 7.6% in the 4th quarter. Greenleaf Trust now owns 8,795 shares of the utilities provider's stock valued at $592,000 after buying an additional 624 shares during the period. Finally, Modera Wealth Management LLC increased its stake in Eversource Energy by 10.2% in the 4th quarter. Modera Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $446,000 after buying an additional 613 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Performance

NYSE:ES opened at $70.58 on Friday. Eversource Energy has a 1 year low of $54.21 and a 1 year high of $76.41. The firm's fifty day simple moving average is $71.20 and its 200 day simple moving average is $70.30. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $26.53 billion, a PE ratio of 15.44, a PEG ratio of 3.77 and a beta of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business posted $1.01 EPS. Eversource Energy's revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 5th were paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Thursday, March 5th. This is a boost from Eversource Energy's previous quarterly dividend of $0.75. Eversource Energy's dividend payout ratio (DPR) is 68.93%.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares of the company's stock, valued at $5,941,982.68. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John M. Moreira sold 7,800 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president directly owned 43,269 shares of the company's stock, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 16,381 shares of company stock worth $1,211,079. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ES shares. Weiss Ratings restated a "hold (c+)" rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Bank of America dropped their price target on shares of Eversource Energy from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Friday, March 27th. Wells Fargo & Company dropped their price target on shares of Eversource Energy from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 1st. Argus upgraded shares of Eversource Energy to a "strong-buy" rating in a research note on Tuesday, March 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an "underweight" rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $71.90.

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.

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.