Nykredit A S Takes $7.07 Million Position in Eversource Energy $ES

Key Points

• Nykredit A/S acquired 97,767 shares of Eversource Energy during the second quarter, valued at approximately $7.07 million. Institutional investors collectively own nearly 80% of the utility’s outstanding stock.
• Analyst sentiment remains mixed, with four Buy, six Hold and three Sell ratings; the stock has an average target price of $72.92 compared with its recent price of $66.95.
• Eversource reported quarterly EPS of $0.87, matching estimates, while revenue rose 2.3% year over year to $2.90 billion. The company maintains a $0.7875 quarterly dividend, equivalent to a 4.7% annualized yield.

Nykredit A S purchased a new position in Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,767 shares of the utilities provider's stock, valued at approximately $7,066,000.

Other institutional investors have also added to or reduced their stakes in the company. CX Institutional increased its stake in shares of Eversource Energy by 4.3% during the second quarter. CX Institutional now owns 3,513 shares of the utilities provider's stock valued at $254,000 after purchasing an additional 144 shares in the last quarter. Bank & Trust Co boosted its position 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 worth $539,000 after purchasing an additional 149 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Eversource Energy by 49.9% in the 4th quarter. Root Financial Partners LLC now owns 538 shares of the utilities provider's stock worth $36,000 after purchasing an additional 179 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of Eversource Energy by 3.6% in the 2nd quarter. Continuum Advisory LLC now owns 5,739 shares of the utilities provider's stock worth $415,000 after buying an additional 198 shares during the last quarter. Finally, Fiduciary Financial Group LLC grew its stake in shares of Eversource Energy by 3.5% in the 2nd quarter. Fiduciary Financial Group LLC now owns 6,068 shares of the utilities provider's stock worth $439,000 after buying an additional 203 shares during the last quarter. Institutional investors own 79.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ES. Weiss Ratings raised Eversource Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 31st. Argus downgraded shares of Eversource Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 12th. BMO Capital Markets lowered their price objective on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock 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. Finally, Wells Fargo & Company lifted their price objective on Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and an average target price of $72.92.

Eversource Energy Stock Performance

ES opened at $66.95 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The stock has a market capitalization of $25.22 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.94 and a beta of 0.69. Eversource Energy has a fifty-two week low of $63.44 and a fifty-two week high of $76.57. The company has a fifty day moving average of $71.70 and a 200 day moving average of $70.67.

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 for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.7875 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. Eversource Energy's dividend payout ratio (DPR) is presently 81.61%.

Eversource Energy Company 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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