California Public Employees Retirement System Cuts Stock Position in Eversource Energy $ES

Key Points

• California Public Employees Retirement System cut its stake in Eversource by 17.9% in Q3, selling 256,710 shares and now holds 1,175,182 shares valued at about $83.6 million (≈0.31% of the company).
• Earnings and dividend update: Eversource beat quarterly EPS estimates ($1.12 vs. $1.10), reported 13.4% revenue growth year-over-year, set FY2026 guidance of $4.800–4.950 EPS, and raised its quarterly dividend to $0.7875 (annual $3.15, ≈4.3% yield).
• Market and analyst view: The stock trades near $73 with a $27.5B market cap and P/E of 16.0, institutional ownership around 80%, and a consensus analyst rating of "Hold" with a $74.30 target.

California Public Employees Retirement System decreased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,175,182 shares of the utilities provider's stock after selling 256,710 shares during the period. California Public Employees Retirement System owned about 0.31% of Eversource Energy worth $83,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Eversource Energy during the third quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eversource Energy in the third quarter valued at approximately $27,000. Neo Ivy Capital Management purchased a new position in shares of Eversource Energy in the second quarter valued at approximately $26,000. Johnson Financial Group Inc. grew its holdings in shares of Eversource Energy by 73.5% in the third quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Finally, BOKF NA grew its holdings in shares of Eversource Energy by 23,700.0% in the third quarter. BOKF NA now owns 476 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 474 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 0.0%

Shares of NYSE:ES opened at $73.12 on Tuesday. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $76.41. The firm's 50 day moving average price is $71.24 and its 200 day moving average price is $69.75. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The stock has a market cap of $27.45 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 3.17 and a beta of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company's quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.7875 per share. This is a positive change 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 dividend on an annualized basis and a yield of 4.3%. Eversource Energy's dividend payout ratio (DPR) is presently 68.93%.

Insider Transactions at Eversource Energy

In other news, EVP John M. Moreira sold 7,800 shares of the firm's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cotton M. Cleveland sold 2,581 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the sale, the insider owned 79,364 shares of the company's stock, valued at approximately $5,941,982.68. The trade was a 3.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,381 shares of company stock valued at $1,211,079. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ES. Scotiabank reduced their target price on shares of Eversource Energy from $64.00 to $63.00 and set a "sector underperform" rating on the stock in a report on Thursday, November 20th. Wells Fargo & Company upgraded shares of Eversource Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $71.00 to $78.00 in a research note on Tuesday, February 17th. Bank of America reaffirmed a "buy" rating on shares of Eversource Energy in a research report on Monday, March 2nd. Janney Montgomery Scott upgraded Eversource Energy from a "neutral" rating to a "buy" rating and set a $79.00 price objective on the stock in a research note on Monday, November 24th. Finally, UBS Group decreased their target price on Eversource Energy from $78.00 to $73.00 and set a "neutral" rating for the company in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $74.30.

About Eversource Energy

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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