334,254 Shares in Eversource Energy $ES Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group acquired 334,254 shares of Eversource Energy in the second quarter, worth about $24.2 million, while institutional investors collectively own 79.99% of the utility.
• Analysts remain cautious: Eversource has a consensus “Hold” rating and an average price target of $72.92, despite some firms raising targets and one upgrading the stock to “Buy.”
• Eversource reported quarterly EPS of $0.87, matching estimates, while revenue rose 2.3% year over year to $2.90 billion but fell short of the $2.99 billion consensus forecast.

Jefferies Financial Group Inc. purchased a new stake in Eversource Energy (NYSE:ES - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 334,254 shares of the utilities provider's stock, valued at approximately $24,157,000. Jefferies Financial Group Inc. owned 0.09% of Eversource Energy at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ES. Man Group plc acquired a new stake in Eversource Energy during the second quarter worth approximately $57,166,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Eversource Energy during the fourth quarter worth approximately $1,158,000. F m Investments LLC acquired a new stake in Eversource Energy during the 4th quarter worth approximately $4,854,000. Forsta AP Fonden boosted its stake in Eversource Energy by 118.5% in the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider's stock valued at $16,422,000 after purchasing an additional 132,300 shares during the period. Finally, National Pension Service increased its position in Eversource Energy by 5.1% during the 4th quarter. National Pension Service now owns 573,073 shares of the utilities provider's stock worth $38,585,000 after buying an additional 27,798 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analyst Weigh In

ES has been the subject of a number of recent research reports. Mizuho boosted their target price 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 report on Friday, June 12th. Wells Fargo & Company raised their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Weiss Ratings upgraded Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 10th. Finally, Citigroup reaffirmed a "hold" rating and set a $81.00 price objective 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and an average target price of $72.92.

Eversource Energy Trading Down 1.1%

NYSE ES opened at $70.86 on Friday. The business's fifty day moving average is $72.86 and its 200 day moving average is $71.09. Eversource Energy has a twelve month low of $62.45 and a twelve month high of $76.57. The company has a market cap of $26.69 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 5.29 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $2.99 billion. During the same period last year, the company earned $0.96 EPS. The firm'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, sell-side analysts expect that Eversource Energy will post 4.64 EPS for the current fiscal year.

Insider Activity at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company's stock.

Eversource Energy 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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