California State Teachers Retirement System Lowers Holdings in Eversource Energy $ES

California State Teachers Retirement System reduced its position in Eversource Energy (NYSE:ES - Free Report) by 15.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 854,881 shares of the utilities provider's stock after selling 155,052 shares during the period. California State Teachers Retirement System owned 0.23% of Eversource Energy worth $61,782,250 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Elevation Wealth Partners LLC boosted its holdings in shares of Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock valued at $25,000 after buying an additional 240 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Eversource Energy in the second quarter worth approximately $26,000. First Bancorp Inc ME acquired a new stake in shares of Eversource Energy during the 2nd quarter valued at about $30,000. Godfrey Financial Associates Inc. bought a new position in shares of Eversource Energy during the 4th quarter worth about $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ES. Mizuho increased their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. 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. Wells Fargo & Company lifted their target price on Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Argus downgraded shares of Eversource Energy from a "buy" rating to a "hold" rating in a report on Friday, June 12th. Finally, Citigroup restated a "hold" rating and issued a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $72.92.

Eversource Energy Trading Down 1.4%

Shares of ES stock traded down $0.95 during mid-day trading on Tuesday, hitting $67.38. The company's stock had a trading volume of 771,405 shares, compared to its average volume of 2,448,776. The company has a market cap of $25.38 billion, a PE ratio of 17.46, a P/E/G ratio of 2.97 and a beta of 0.69. The company's fifty day simple moving average is $72.37 and its 200-day simple moving average is $70.93. Eversource Energy has a 52 week low of $62.89 and a 52 week high of $76.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting analysts' consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter last year, the company earned $0.96 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts expect that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, September 21st. Eversource Energy's payout ratio is currently 81.61%.

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.

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