Amundi Has $171.47 Million Stock Position in Eversource Energy $ES

Amundi boosted its stake in Eversource Energy (NYSE:ES - Free Report) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,372,598 shares of the utilities provider's stock after acquiring an additional 70,778 shares during the quarter. Amundi owned 0.63% of Eversource Energy worth $171,468,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Man Group plc bought a new stake in Eversource Energy during the second quarter worth $57,166,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Eversource Energy during the fourth quarter worth approximately $1,158,000. Forsta AP Fonden lifted its position in Eversource Energy by 118.5% during the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider's stock worth $16,422,000 after acquiring an additional 132,300 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Eversource Energy during the first quarter worth approximately $2,587,000. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Eversource Energy by 13.2% during the second quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider's stock worth $25,468,000 after acquiring an additional 40,993 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Price Performance

ES stock opened at $71.55 on Wednesday. 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 12 month low of $62.63 and a 12 month high of $76.57. The firm has a market cap of $26.95 billion, a P/E ratio of 18.54, a P/E/G ratio of 3.08 and a beta of 0.69. The company's 50-day moving average price is $72.73 and its two-hundred day moving average price is $71.07.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analysts' expectations of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. BMO Capital Markets decreased their price target on shares of 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 raised their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research report on Wednesday, July 1st. Finally, Citigroup reaffirmed a "hold" rating and set a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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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