Caisse de depot et placement du Quebec bought a new stake in Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,279 shares of the utilities provider's stock, valued at approximately $3,634,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Gallagher Fiduciary Advisors LLC purchased a new stake in Eversource Energy during the 2nd quarter worth about $604,000. Odyssean LLC increased its holdings in shares of Eversource Energy by 2.0% in the 2nd quarter. Odyssean LLC now owns 15,897 shares of the utilities provider's stock valued at $1,149,000 after acquiring an additional 313 shares during the last quarter. Man Group plc purchased a new position in shares of Eversource Energy in the 2nd quarter valued at about $57,166,000. First Bancorp Inc ME acquired a new stake in shares of Eversource Energy during the 2nd quarter worth about $30,000. Finally, Jupiter Topco LLC purchased a new stake in Eversource Energy during the second quarter worth approximately $4,563,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Citigroup restated a "hold" rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Argus downgraded shares of Eversource Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 12th. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday, July 1st. Finally, 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. Four investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $72.92.
Get Our Latest Stock Report on Eversource Energy
Insiders Place Their Bets
In related news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.
Eversource Energy Trading Down 0.1%
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. Eversource Energy has a 52 week low of $62.45 and a 52 week high of $76.57. The business's 50 day moving average is $72.88 and its two-hundred day moving average is $71.09. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 5.22 and a beta of 0.70.
Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.87. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts predict that Eversource Energy will post 4.64 EPS for the current year.
Eversource Energy Profile
(
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.
Further Reading
Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES - Free Report).
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