Eversource Energy $ES Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its stake in Eversource by 16.8% in Q4, selling 350,300 shares and leaving it with 1,734,168 shares (about 0.46% of the company) valued at roughly $116.77 million.
• Multiple analysts have trimmed price targets and ratings, leaving Eversource with a consensus rating of "Hold" and a consensus target price of $71.80.
• Eversource topped quarterly estimates (Q EPS $1.12 vs. $1.10 expected; revenue $3.37B vs. $2.94B) and set FY2026 guidance of 4.80–4.95 EPS, while insiders sold about 16,381 shares (~$1.21M) over the past three months.

Mitsubishi UFJ Trust & Banking Corp lowered its position in Eversource Energy (NYSE:ES - Free Report) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,734,168 shares of the utilities provider's stock after selling 350,300 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.46% of Eversource Energy worth $116,769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ES. Lodestone Wealth Management LLC purchased a new stake in shares of Eversource Energy during the fourth quarter worth about $25,000. Root Financial Partners LLC purchased a new position in Eversource Energy in the third quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Eversource Energy in the third quarter valued at about $27,000. TFC Financial Management Inc. grew its stake in Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 400 shares in the last quarter. Finally, Key Capital Management INC acquired a new stake in Eversource Energy during the 4th quarter valued at approximately $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ES has been the topic of a number of recent analyst reports. UBS Group cut their target price on Eversource Energy from $80.00 to $74.00 and set a "neutral" rating on the stock in a research report on Friday, March 27th. Seaport Research Partners downgraded shares of Eversource Energy from a "buy" rating to a "neutral" rating in a research report on Monday, April 20th. BMO Capital Markets dropped their price target on shares of Eversource Energy from $79.00 to $75.00 and set a "market perform" rating for the company in a research note on Monday, March 23rd. JPMorgan Chase & Co. increased their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an "underweight" rating in a research note on Thursday, March 12th. Finally, Mizuho decreased their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $71.80.

Insiders Place Their Bets

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 transaction of $193,239.47. Following the sale, the insider directly owned 79,364 shares of the company's stock, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction dated 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 transaction, the executive vice president directly owned 43,269 shares of the company's stock, valued at $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 16,381 shares of company stock valued at $1,211,079. Company insiders own 0.18% of the company's stock.

Eversource Energy Trading Up 0.2%

NYSE:ES opened at $68.79 on Tuesday. 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 business's 50 day moving average is $71.01 and its two-hundred day moving average is $70.09. Eversource Energy has a 52 week low of $57.79 and a 52 week high of $76.41. The company has a market cap of $25.85 billion, a PE ratio of 15.05, a P/E/G ratio of 4.45 and a beta of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $1.01 EPS. The business's quarterly revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, analysts predict that Eversource Energy will post 4.75 EPS for the current year.

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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