Swiss Life Asset Management Ltd Sells 18,967 Shares of Eversource Energy $ES

Key Points

• Swiss Life Asset Management trimmed its stake in Eversource by 3.5%, selling 18,967 shares in Q3 and finishing with 515,561 shares (~0.14%) worth about $36.68 million; institutional investors own roughly 79.99% of the stock.
• Several large institutions were net buyers—Lazard added ~2.69M shares, AQR ~1.45M, LSV ~1.20M, Vanguard ~1.16M, and Norges Bank initiated a stake worth ~$274.7M—indicating broad institutional accumulation despite some mixed analyst views.
• Eversource raised its quarterly dividend to $0.7875 (annual $3.15, ~4.3% yield), provided FY2026 EPS guidance of 4.80–4.95, and has a consensus analyst target of $74.30 with an average rating of "Hold."

Swiss Life Asset Management Ltd cut its holdings in Eversource Energy (NYSE:ES - Free Report) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 515,561 shares of the utilities provider's stock after selling 18,967 shares during the quarter. Swiss Life Asset Management Ltd owned approximately 0.14% of Eversource Energy worth $36,677,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Eversource Energy during the 2nd quarter worth about $274,744,000. Lazard Asset Management LLC raised its stake in shares of Eversource Energy by 43,905.7% in the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider's stock worth $171,309,000 after acquiring an additional 2,686,588 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Eversource Energy by 412.7% during the third quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider's stock worth $127,133,000 after purchasing an additional 1,449,388 shares in the last quarter. LSV Asset Management lifted its position in shares of Eversource Energy by 331.5% during the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider's stock worth $111,446,000 after purchasing an additional 1,203,563 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Eversource Energy by 2.5% during the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider's stock valued at $3,330,374,000 after purchasing an additional 1,161,708 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ES has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of Eversource Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $71.00 to $78.00 in a research report on Tuesday, February 17th. UBS Group decreased their price objective on Eversource Energy from $78.00 to $73.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 17th. 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. Jefferies Financial Group restated an "underperform" rating on shares of Eversource Energy in a research report on Monday, November 24th. Finally, Bank of America reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $74.30.

Eversource Energy Trading Up 0.7%

ES opened at $72.92 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The company has a market cap of $27.38 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. The firm has a 50 day simple moving average of $71.49 and a 200 day simple moving average of $69.83. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $76.41.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The firm had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the firm earned $1.01 earnings per share. 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. On average, sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a $0.7875 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. This is an increase from Eversource Energy's previous quarterly dividend of $0.75. Eversource Energy's dividend payout ratio is 68.93%.

Insider Buying and Selling

In other Eversource Energy news, 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 owned 79,364 shares in the company, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Y. Kim sold 6,000 shares of the business's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the transaction, the insider owned 12,339 shares of the company's stock, valued at $907,780.23. The trade was 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 valued at $1,211,079 over the last three months. Company insiders own 0.41% of the company's stock.

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.

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.