Ariel Global Fund Exited Eversource Energy (ES) After Operational Headwinds and Weakening Key Indicators

Core Insights - Ariel Global Fund achieved a +23.30% return in 2025, outperforming MSCI ACWI and MSCI ACWI Value indices, but lagged in Q4 with a +2.88% return compared to +3.29% and +3.66% for the indices [1] - The positive performance was supported by moderating inflation, easing financial conditions, and resilient corporate earnings, particularly from U.S. mega-cap technology stocks, alongside improvements in Europe, Japan, and a strong rebound in China [1] - Stock selection was the primary driver of performance, with gains in financials and information technology, while consumer discretionary and healthcare holdings faced challenges [1] Company Insights - Eversource Energy (NYSE:ES) is a utility company providing electricity and natural gas in the northeastern U.S., with a market capitalization of approximately $25.71 billion [2] - The stock of Eversource Energy experienced a one-month return of -8.46%, trading between $52.28 and $76.41 over the past 52 weeks, closing at around $68.41 on March 30, 2026 [2] - Ariel Investments initiated a position in Eversource Energy, anticipating operational stability from divestitures and a major offshore wind project, but exited the position when key indicators did not improve [3]