Integrated Wealth Concepts LLC Grows Position in Eversource Energy $ES

Key Points

• Integrated Wealth Concepts increased its Eversource Energy stake by 55.4% in the second quarter, bringing its holdings to 55,071 shares valued at approximately $3.98 million. Institutional investors collectively own 79.99% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $72.92. Recent targets range from $72 to $81.
• Eversource reported quarterly EPS of $0.87, matching estimates, while revenue rose 2.3% year over year to $2.90 billion but fell short of forecasts. The company declared a quarterly dividend of $0.7875, representing a 4.6% annualized yield.

Integrated Wealth Concepts LLC boosted its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 55.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,071 shares of the utilities provider's stock after acquiring an additional 19,628 shares during the period. Integrated Wealth Concepts LLC's holdings in Eversource Energy were worth $3,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ES. California State Teachers Retirement System boosted its stake in shares of Eversource Energy by 6,017.5% during the second quarter. California State Teachers Retirement System now owns 61,782,250 shares of the utilities provider's stock valued at $4,465,003,000 after purchasing an additional 60,772,317 shares in the last quarter. BlackRock Inc. bought a new position in Eversource Energy in the second quarter worth approximately $3,086,413,000. Legal & General Group Plc purchased a new stake in Eversource Energy during the second quarter worth $359,215,000. Norges Bank purchased a new stake in Eversource Energy during the fourth quarter worth $324,032,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Eversource Energy by 23,707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider's stock valued at $313,067,000 after acquiring an additional 4,630,216 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ES. BMO Capital Markets reduced their price target on 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. Capital One Financial set a $73.00 price objective on Eversource Energy in a research report on Wednesday, July 1st. Citigroup reiterated a "hold" rating and issued a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Wells Fargo & Company boosted their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $72.92.

Eversource Energy Stock Performance

Shares of ES stock opened at $68.59 on Friday. The business's fifty day simple moving average is $72.47 and its 200-day simple moving average is $71.00. The company has a market cap of $25.84 billion, a PE ratio of 17.77, a PEG ratio of 2.97 and a beta of 0.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. Eversource Energy has a 12-month low of $62.89 and a 12-month high of $76.57.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business's revenue for the quarter 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. Analysts expect that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.7875 dividend. The ex-dividend date is Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. Eversource Energy's dividend payout ratio (DPR) is 81.61%.

Eversource Energy 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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