Brevan Howard Capital Management LP Sells 33,208 Shares of Eversource Energy $ES

Key Points

• Brevan Howard Capital Management LP cut its stake in Eversource by 43.1%, selling 33,208 shares in Q3 and now holds 43,767 shares valued at $3.11 million; institutional investors own about 79.99% of the stock.
• Company insiders have sold a total of 16,381 shares worth $1.21 million in the past 90 days, including notable sales by Cotton M. Cleveland and John Y. Kim.
• Eversource beat quarterly EPS ($1.12 vs. $1.10) and revenue, issued FY2026 guidance of 4.80–4.95 EPS, and raised its quarterly dividend to $0.7875 (annualized $3.15, ~4.3% yield), while analysts' consensus remains a Hold with an average $74.30 target.

Brevan Howard Capital Management LP trimmed its position in shares of Eversource Energy (NYSE:ES - Free Report) by 43.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,767 shares of the utilities provider's stock after selling 33,208 shares during the quarter. Brevan Howard Capital Management LP's holdings in Eversource Energy were worth $3,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. United Asset Strategies Inc. increased its position in Eversource Energy by 1.0% during the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider's stock valued at $945,000 after buying an additional 138 shares in the last quarter. Mystic Asset Management Inc. boosted its holdings in Eversource Energy by 0.9% in the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider's stock worth $1,177,000 after acquiring an additional 150 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Eversource Energy by 3.3% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider's stock worth $360,000 after acquiring an additional 162 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Eversource Energy by 4.9% during the third quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider's stock valued at $259,000 after acquiring an additional 169 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Eversource Energy by 0.8% during the third quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider's stock valued at $1,686,000 after acquiring an additional 186 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ES shares. Janney Montgomery Scott raised shares of Eversource Energy from a "neutral" rating to a "buy" rating and set a $79.00 price target for the company in a report on Monday, November 24th. Weiss Ratings reissued a "hold (c+)" rating on shares of Eversource Energy in a report on Wednesday, January 28th. Jefferies Financial Group reissued an "underperform" rating on shares of Eversource Energy in a research report on Monday, November 24th. Mizuho raised their target price on Eversource Energy from $69.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 17th. Finally, BMO Capital Markets lifted their price target on Eversource Energy from $75.00 to $79.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $74.30.

Insiders Place Their Bets

In other news, insider Cotton M. Cleveland sold 2,581 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares of the company's stock, valued at $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the sale, the insider owned 12,339 shares of the company's stock, valued at $907,780.23. This trade represents a 32.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,381 shares of company stock valued at $1,211,079 in the last 90 days. 0.19% of the stock is owned by insiders.

Eversource Energy Price Performance

NYSE:ES opened at $73.12 on Tuesday. The stock has a 50 day moving average of $71.24 and a two-hundred day moving average of $69.75. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41. The firm has a market cap of $27.45 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 3.17 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $1.01 earnings per share. The business's quarterly 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, analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. This is a boost from Eversource Energy's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 annualized dividend and a yield of 4.3%. Eversource Energy's dividend payout ratio is presently 68.93%.

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.

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