MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,079 shares of the utilities provider's stock, valued at approximately $1,090,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Redwood Investment Management LLC purchased a new stake in shares of Eversource Energy during the 2nd quarter valued at about $869,000. Proficio Capital Partners LLC bought a new stake in Eversource Energy during the second quarter valued at approximately $479,000. Corient Private Wealth LP purchased a new stake in Eversource Energy during the second quarter valued at approximately $5,634,000. Bank of America Corp DE purchased a new stake in Eversource Energy during the second quarter valued at approximately $106,078,000. Finally, Freestone Grove Partners LP bought a new position in Eversource Energy in the second quarter worth approximately $33,015,000. 79.99% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ES. BMO Capital Markets decreased their price objective on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Mizuho increased their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Argus cut shares of Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, July 2nd. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $72.92.
Read Our Latest Stock Report on Eversource Energy
Insider Activity at Eversource Energy
In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the firm's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president owned 56,179 shares of the company's stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company's stock.
Eversource Energy Stock Down 0.1%
Shares of ES opened at $70.84 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The business has a fifty day moving average of $72.88 and a 200 day moving average of $71.09. The company has a market cap of $26.68 billion, a PE ratio of 18.35, a P/E/G ratio of 5.23 and a beta of 0.70. Eversource Energy has a 52-week low of $62.45 and a 52-week high of $76.57.
Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.64 EPS for the current year.
About Eversource Energy
(
Free Report)
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.
See Also
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