Squarepoint Ops LLC Has $1.31 Million Holdings in Eversource Energy $ES

Key Points

• Squarepoint Ops LLC cut its Eversource Energy stake by 49.1% in the second quarter, selling 17,480 shares and retaining 18,093 shares valued at approximately $1.31 million.
• Institutional ownership remains high at nearly 80% of outstanding shares, with several investors—including Man Group and Forsta AP Fonden—initiating or increasing positions.
• Eversource reported quarterly EPS of $0.87, matching estimates, and declared a quarterly dividend of $0.7875 per share, representing a 4.6% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $72.92.

Squarepoint Ops LLC lessened its holdings in Eversource Energy (NYSE:ES - Free Report) by 49.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,093 shares of the utilities provider's stock after selling 17,480 shares during the period. Squarepoint Ops LLC's holdings in Eversource Energy were worth $1,308,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Man Group plc acquired a new position in shares of Eversource Energy during the second quarter worth $57,166,000. Forsta AP Fonden boosted its holdings in shares of Eversource Energy by 118.5% during the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider's stock valued at $16,422,000 after acquiring an additional 132,300 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Eversource Energy by 13.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider's stock valued at $25,468,000 after acquiring an additional 40,993 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Eversource Energy during the 1st quarter worth $2,587,000. Finally, National Pension Service grew its position in Eversource Energy by 5.1% during the 4th quarter. National Pension Service now owns 573,073 shares of the utilities provider's stock worth $38,585,000 after acquiring an additional 27,798 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Trading Up 1.0%

NYSE ES opened at $67.85 on Thursday. The firm has a market capitalization of $25.56 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.92 and a beta of 0.69. The business's 50-day moving average price is $72.10 and its two-hundred day moving average price is $70.82. 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.87. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts expect that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ES shares. BMO Capital Markets lowered their target price on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Weiss Ratings upgraded Eversource Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Wells Fargo & Company upped their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Citigroup reiterated a "hold" rating and set a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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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