B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 101.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,261 shares of the utilities provider's stock after buying an additional 37,935 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Eversource Energy were worth $5,439,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the business. Elevation Wealth Partners LLC grew its position in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 240 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Eversource Energy during the second quarter worth about $26,000. First Bancorp Inc ME bought a new position in shares of Eversource Energy in the second quarter worth about $30,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Eversource Energy in the fourth quarter worth about $28,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. 79.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently issued reports on ES shares. Weiss Ratings upgraded shares of Eversource Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday. Capital One Financial set a $73.00 price objective on Eversource Energy in a report on Wednesday, July 1st. BMO Capital Markets reduced their price objective on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company upped 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. Finally, Mizuho upped their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Eversource Energy presently has a consensus rating of "Hold" and a consensus price target of $72.92.
Read Our Latest Stock Report on ES
Eversource Energy Stock Performance
Shares of Eversource Energy stock opened at $71.39 on Friday. The stock has a market cap of $26.89 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 3.06 and a beta of 0.69. Eversource Energy has a twelve month low of $62.45 and a twelve month high of $76.57. The company's fifty day moving average is $72.84 and its 200 day moving average is $71.11. 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 announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts forecast that Eversource Energy will post 4.64 EPS for the current year.
Eversource Energy Company 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
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