Vanguard Maintains 10.6% Stake in Eversource Energy

TL;DR

**Vanguard still owns 10.6% of Eversource, showing strong institutional backing.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Eversource Energy (ES) as of December 29, 2023. Vanguard reported beneficial ownership of 37,293,738 shares of Eversource's Common Stock, representing 10.6% of the company's outstanding shares. This filing indicates Vanguard's continued significant passive stake in Eversource, which is important for investors as large institutional holdings can provide a degree of stability and confidence in the stock.

Why It Matters

This filing confirms Vanguard's substantial, passive investment in Eversource, signaling continued institutional confidence in the utility company's long-term prospects. For investors, this means a major player believes in the stock, which can influence market perception and stability.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

Investors should note Vanguard's consistent, large stake as a sign of long-term institutional confidence in Eversource Energy, which could contribute to stock stability. This filing doesn't suggest any immediate action but reinforces the company's appeal to passive investors.

Key Numbers

• 37,293,738 — Shares Beneficially Owned (Represents the total number of Eversource Energy common shares Vanguard holds, indicating a significant investment.)
• 10.6% — Percentage of Class (Shows Vanguard's substantial ownership stake in Eversource Energy, making them a key institutional holder.)
• December 29, 2023 — Event Date (The specific date when Vanguard's ownership percentage triggered the requirement for this filing, providing a snapshot of their holdings.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Eversource Energy (company) — subject company whose securities are being reported
• 37,293,738 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 10.6% (dollar_amount) — percentage of Eversource Energy's class of securities beneficially owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard will likely maintain a significant, passive stake in Eversource Energy for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31
• Eversource Energy's stock price will experience continued stability due to large institutional ownership. (Eversource Energy) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• tv0061-eversourceenergy.htm (SC 13G/A) — 11KB
• 0001104659-24-020053.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Eversource Energy

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 300 Cadwell Drive Springfield, MA 01104

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 30040W108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR