Brookfield Reduces $46M in Eversource Energy ($ES)
Brookfield's latest filing shows a significant reduction in its Eversource Energy holdings.
Key Points
- Brookfield cut its Eversource Energy stake by 70%, selling 666,393 shares to hold 283,532 shares worth $19.8 million.
- Eversource Energy trades near $69.79 with a market cap of $26.25 billion and a P/E ratio of 14.85.
- Recent analyst ratings for Eversource include a 'hold' from BMO Capital with a $73 target and a 'buy' from Wells Fargo with a $75 target.
Brookfield has significantly reduced its stake in Eversource Energy (NYSE:ES), according to its latest 13F filing with the SEC. The firm cut its holdings by 666,393 shares, a 70% decrease, leaving it with 283,532 shares valued at approximately $19.8 million as of the end of the reporting period.
What Changed in Brookfield's Eversource Energy Position
Brookfield's move represents a substantial reduction in its investment in Eversource Energy. Previously holding 949,925 shares, the firm now reports 283,532 shares, reflecting a 70% decrease. This change brings the reported value of its holdings to about $19.8 million.
Other Institutional Activity in Eversource Energy
In other institutional activity, BlackRock, Inc. reduced its position by 575,126 shares, ending with 42,141,556 shares valued at approximately $2.92 billion. State Street Corp added 144,215 shares, bringing its total to 28,157,268 shares worth about $1.95 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported holdings of 24,383,144 and 20,003,219 shares, respectively. Meanwhile, FMR LLC increased its stake by 1,088,172 shares to 12,796,942 shares, valued at $886.6 million.
Eversource Energy Stock Snapshot
Shares of NYSE:ES traded around $69.79 recently. Eversource Energy has a market cap of approximately $26.25 billion, with a P/E ratio of 14.85 and a forward P/E of 14.09. The stock's beta is 0.727, indicating lower volatility compared to the broader market. It has a 52-week low of $61.53 and a high of $76.41, with a 50-day moving average of $68.84 and a 200-day moving average of $69.52.
Recent Earnings
Eversource Energy reported revenue of $13.93 billion, with a revenue growth rate of 9.4%. The company achieved a net margin of 12.5% and a return on equity of 10.91%. Next earnings are expected on July 30, 2026.
Dividend
Eversource Energy offers an annual dividend rate of $3.15, yielding 4.51%. The dividend payout ratio stands at 65.2%.
Insider Buying and Selling at Eversource Energy
Recent insider transactions include Executive VP and General Counsel Gregory Butler selling 7,000 shares at an average price of $69.88 on June 4, 2026. VP, Controller, and Chief Accounting Officer Jay Buth sold 407 shares at $68.81 on May 14, 2026. On May 8, 2026, Robert Mudge bought 750 shares at $66.49.
Analysts Set New Price Targets
On May 11, 2026, BMO Capital maintained a 'hold' rating for Eversource Energy with a price target of $73. Wells Fargo maintained a 'buy' rating with a $75 target on May 8, 2026. Scotiabank kept a 'sell' rating with a target of $63 on April 21, 2026. The consensus among analysts is a 'hold' rating, with a mean price target of $72.17 based on 12 opinions.
About Eversource Energy
Eversource Energy is a utility company headquartered in Springfield, Massachusetts. It operates in the electric distribution, electric transmission, natural gas distribution, and water distribution sectors. The company provides energy services in Connecticut, Massachusetts, and New Hampshire. Under the leadership of CEO Joseph R. Nolan Jr., Eversource Energy employs over 10,000 people.
Bottom Line
Brookfield's decision to reduce its stake in Eversource Energy by 70% is a notable move among institutional investors. With a market cap of $26.25 billion, Eversource remains a key player in the utilities sector. Investors and analysts continue to watch the company's performance closely, especially as it approaches its next earnings report.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.