20,489 Shares in Eversource Energy $ES Acquired by Mystic Asset Management Inc.

Key Points

• Mystic Asset Management acquired 20,489 shares of Eversource Energy worth approximately $1.48 million in the second quarter. Institutional investors collectively own nearly 80% of the utility company, with BlackRock, Norges Bank and Victory Capital among major holders.
• Analyst sentiment remains mixed, with four Buy, six Hold and three Sell ratings producing a consensus “Hold” rating and an average price target of $72.92.
• Eversource reported quarterly earnings of $0.87 per share, matching estimates, while revenue rose 2.3% year over year to $2.90 billion but fell short of expectations. The company provided fiscal 2026 EPS guidance of $4.57 to $4.72.

Mystic Asset Management Inc. bought a new position in shares of Eversource Energy (NYSE:ES - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,489 shares of the utilities provider's stock, valued at approximately $1,481,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Eversource Energy in the 2nd quarter valued at $3,086,413,000. Norges Bank purchased a new position in Eversource Energy in the 4th quarter worth approximately $324,032,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Eversource Energy by 23,707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider's stock valued at $313,067,000 after purchasing an additional 4,630,216 shares during the period. Deutsche Bank AG purchased a new stake in shares of Eversource Energy during the second quarter valued at approximately $311,548,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider's stock worth $642,747,000 after purchasing an additional 3,645,555 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ES shares. Mizuho boosted their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Argus downgraded shares of Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Weiss Ratings raised shares of Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 10th. BMO Capital Markets dropped their target price on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Finally, Citigroup reissued a "hold" rating and set a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $72.92.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the sale, the vice president owned 56,179 shares of the company's stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company's stock.

Eversource Energy Stock Up 0.2%

NYSE ES opened at $72.13 on Friday. The stock has a 50 day moving average price of $72.68 and a 200-day moving average price of $70.98. Eversource Energy has a one year low of $61.53 and a one year high of $76.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The company has a market capitalization of $27.17 billion, a P/E ratio of 18.69, a P/E/G ratio of 5.31 and a beta of 0.70.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

Eversource Energy Company Profile

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.

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