Korea Investment CORP Buys 97,936 Shares of Eversource Energy $ES

Key Points

• Korea Investment CORP increased its stake in Eversource by 36.2%, buying 97,936 shares in Q3 and now owns 368,740 shares worth about $26.23 million (≈0.10% of the company).
• Earnings and dividend update: Eversource reported $1.12 EPS vs. $1.10 expected and revenue of $3.37B (up 13.4% year-over-year), set FY2026 guidance of $4.80–$4.95 EPS, and raised the quarterly dividend to $0.7875 (annualized $3.15; ~4.3% yield).
• Analyst sentiment is mixed—three Buy, five Hold and three Sell ratings—with a MarketBeat consensus rating of Hold and a $73.90 average price target.

Korea Investment CORP lifted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 36.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 368,740 shares of the utilities provider's stock after acquiring an additional 97,936 shares during the quarter. Korea Investment CORP owned about 0.10% of Eversource Energy worth $26,232,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. United Asset Strategies Inc. raised its stake in shares of Eversource Energy by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider's stock valued at $945,000 after acquiring an additional 138 shares in the last quarter. Mystic Asset Management Inc. grew its holdings in Eversource Energy by 0.9% during the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider's stock valued at $1,177,000 after purchasing an additional 150 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Eversource Energy by 3.3% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider's stock valued at $360,000 after purchasing an additional 162 shares during the period. Fifth Third Bancorp raised its position in shares of Eversource Energy by 0.8% in the third quarter. Fifth Third Bancorp now owns 23,704 shares of the utilities provider's stock valued at $1,686,000 after purchasing an additional 186 shares during the period. Finally, Gladstone Institutional Advisory LLC lifted its stake in shares of Eversource Energy by 4.2% in the third quarter. Gladstone Institutional Advisory LLC now owns 4,711 shares of the utilities provider's stock worth $335,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ES. Scotiabank lowered their target price on shares of Eversource Energy from $64.00 to $63.00 and set a "sector underperform" rating on the stock in a research note on Thursday, November 20th. Janney Montgomery Scott raised shares of Eversource Energy from a "neutral" rating to a "buy" rating and set a $79.00 target price for the company in a research report on Monday, November 24th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Bank of America reiterated a "buy" rating on shares of Eversource Energy in a research note on Monday, March 2nd. Finally, Mizuho raised their target price on Eversource Energy from $69.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $73.90.

Eversource Energy Stock Performance

NYSE:ES opened at $73.91 on Tuesday. The firm's 50-day moving average is $70.66 and its 200-day moving average is $69.45. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 3.22 and a beta of 0.76. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41.

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, topping 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business earned $1.01 earnings per share. The firm's revenue for the quarter was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Equities research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. This is a boost from Eversource Energy's previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Thursday, March 5th. Eversource Energy's dividend payout ratio (DPR) is presently 68.93%.

Insider Activity at Eversource Energy

In other news, insider John Y. Kim sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider owned 12,339 shares in the company, valued at approximately $907,780.23. This represents a 32.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Cotton M. Cleveland sold 2,581 shares of the firm's 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 transaction, the insider directly owned 79,364 shares of the company's stock, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 16,381 shares of company stock worth $1,211,079. 0.19% of the stock is owned by corporate insiders.

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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