Eversource Energy $ES Stake Trimmed by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. trimmed its stake in Eversource by 37.4% in Q4, selling 83,317 shares and leaving 139,244 shares worth about $9.38 million, while institutional investors collectively own roughly 79.99% of the stock.
• Eversource beat Q4 estimates with $1.12 EPS (vs. $1.10) and $3.37B revenue (up 13.4% YoY), set FY2026 EPS guidance of $4.80–$4.95, and raised its quarterly dividend to $0.7875 (annual $3.15, ~4.6% yield).
• Analysts are mixed: the consensus rating is a Hold with an average price target of $71.90, while recent notes span from "strong-buy" to "underweight"; the stock trades around $68.60 with a market cap near $25.8 billion.

Baillie Gifford & Co. lowered its stake in Eversource Energy (NYSE:ES - Free Report) by 37.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,244 shares of the utilities provider's stock after selling 83,317 shares during the quarter. Baillie Gifford & Co.'s holdings in Eversource Energy were worth $9,375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new position in Eversource Energy in the 4th quarter worth about $25,000. Root Financial Partners LLC purchased a new position in Eversource Energy in the 3rd quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Eversource Energy in the 3rd quarter worth about $27,000. Johnson Financial Group Inc. increased its stake in Eversource Energy by 73.5% in the 3rd quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider's stock worth $33,000 after purchasing an additional 197 shares in the last quarter. Finally, BOKF NA increased its stake in Eversource Energy by 23,700.0% in the 3rd quarter. BOKF NA now owns 476 shares of the utilities provider's stock worth $34,000 after purchasing an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ES shares. Wells Fargo & Company lowered their target price on Eversource Energy from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 1st. Bank of America lowered their target price on Eversource Energy from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Friday, March 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Argus raised Eversource Energy to a "strong-buy" rating in a research note on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lifted their target price on Eversource Energy from $72.00 to $75.00 and gave the company an "underweight" rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $71.90.

Eversource Energy Trading Down 2.0%

NYSE:ES opened at $68.60 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a fifty-two week low of $55.56 and a fifty-two week high of $76.41. The stock's 50-day moving average is $71.23 and its two-hundred day moving average is $70.33. The stock has a market cap of $25.78 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.77 and a beta of 0.76.

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 company had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The business's revenue for the quarter was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th were issued a dividend of $0.7875 per share. The ex-dividend date was Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.6%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.75. Eversource Energy's dividend payout ratio is presently 68.93%.

Insider Activity

In other news, insider Cotton M. Cleveland sold 2,581 shares of Eversource Energy stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the sale, the insider owned 12,339 shares of the company's stock, valued at approximately $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,381 shares of company stock worth $1,211,079 in the last three months. 0.18% of the stock is owned by insiders.

Eversource Energy Company 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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