Eversource Energy $ES Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management slashed its Eversource Energy stake by 99.3% in the second quarter, selling 2.36 million shares and retaining 15,621 shares valued at approximately $1.13 million.
• Eversource reported quarterly EPS of $0.87, matching analyst estimates, while revenue rose 2.3% year over year to $2.90 billion but fell short of expectations.
• The company declared a quarterly dividend of $0.7875 per share, equivalent to an annualized $3.15 payout and a 4.6% yield; analysts’ consensus rating remains “Hold” with an average price target of $72.92.

Wellington Management Group LLP cut its holdings in Eversource Energy (NYSE:ES - Free Report) by 99.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,621 shares of the utilities provider's stock after selling 2,360,116 shares during the quarter. Wellington Management Group LLP's holdings in Eversource Energy were worth $1,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ES. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Eversource Energy by 1.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider's stock worth $999,000 after purchasing an additional 140 shares in the last quarter. CX Institutional grew its stake in shares of Eversource Energy by 4.3% during the 2nd quarter. CX Institutional now owns 3,513 shares of the utilities provider's stock worth $254,000 after purchasing an additional 144 shares during the period. Bank & Trust Co increased its holdings in shares of Eversource Energy by 2.0% in the 2nd quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider's stock valued at $539,000 after purchasing an additional 149 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Eversource Energy by 1.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider's stock valued at $807,000 after purchasing an additional 160 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Eversource Energy by 1.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider's stock valued at $975,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Price Performance

Shares of NYSE ES opened at $68.59 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The company's 50-day moving average price is $72.47 and its 200 day moving average price is $71.00. Eversource Energy has a 52 week low of $62.89 and a 52 week high of $76.57. The stock has a market cap of $25.84 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 2.99 and a beta of 0.69.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (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 during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The firm's quarterly 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, research analysts forecast 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 4.6%. The ex-dividend date is Monday, September 21st. Eversource Energy's payout ratio is currently 81.61%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a report on Wednesday, July 1st. Mizuho lifted their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. BMO Capital Markets reduced their price target on shares of Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Argus lowered Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Finally, Wells Fargo & Company upped their price target on Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $72.92.

About Eversource Energy

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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