Act Two Investors LLC Invests $17.20 Million in Eversource Energy $ES

Key Points

• Act Two Investors LLC acquired 238,057 shares of Eversource Energy in the second quarter, valued at approximately $17.2 million and representing 3.5% of the fund’s portfolio.
• Institutional ownership remains high at 79.99%, with major investors including BlackRock, Norges Bank, Deutsche Bank and Victory Capital making significant purchases or increasing their positions.
• Eversource reported quarterly EPS of $0.87, matching estimates, while revenue rose 2.3% year over year to $2.90 billion. Analysts have a consensus “Hold” rating and an average price target of $72.92.

Act Two Investors LLC purchased a new stake in Eversource Energy (NYSE:ES - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 238,057 shares of the utilities provider's stock, valued at approximately $17,204,000. Eversource Energy accounts for 3.5% of Act Two Investors LLC's holdings, making the stock its 13th largest position. Act Two Investors LLC owned approximately 0.06% of Eversource Energy at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ES. BlackRock Inc. acquired a new position in Eversource Energy in the second quarter valued at about $3,086,413,000. Norges Bank bought a new stake in Eversource Energy during the 4th quarter worth approximately $324,032,000. Northwestern Mutual Wealth Management Co. increased its stake in Eversource Energy by 23,707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider's stock worth $313,067,000 after purchasing an additional 4,630,216 shares in the last quarter. Deutsche Bank AG acquired a new stake in Eversource Energy during the 2nd quarter worth approximately $311,548,000. Finally, Victory Capital Management Inc. raised its holdings in Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider's stock worth $642,747,000 after buying an additional 3,645,555 shares during the period. Institutional investors own 79.99% of the company's stock.

Insiders Place Their Bets

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

Eversource Energy Stock Up 0.5%

Shares of ES stock opened at $72.27 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.57. The firm's fifty day moving average price is $72.55 and its two-hundred day moving average price is $70.94. The firm has a market capitalization of $27.22 billion, a P/E ratio of 18.72, a PEG ratio of 5.34 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 EPS for the quarter, hitting analysts' consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business posted $0.96 EPS. The company's quarterly revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Argus lowered shares of Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Bank of America reissued a "buy" rating and issued a $72.00 price target on shares of Eversource Energy in a research note on Wednesday, April 22nd. Mizuho boosted their price target on Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Capital One Financial set a $73.00 price objective on Eversource Energy in a research report on Wednesday, July 1st. Finally, BMO Capital Markets reduced their price objective on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $72.92.

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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