Eversource Energy $ES Shares Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Eversource Energy by 15.9% in Q1, bringing its total holdings to 56,182 shares valued at approximately $3.49 million.
• The stock price opened at $64.30, with a market capitalization of $23.86 billion and a P/E ratio of 27.60, while institutional investors own 79.99% of the shares.
• Eversource Energy reported an EPS of $0.96 for Q2, surpassing expectations, but its revenue of $2.84 billion fell short of analyst forecasts of $3.01 billion.

B. Metzler seel. Sohn & Co. AG grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 15.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,182 shares of the utilities provider's stock after buying an additional 7,723 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Eversource Energy were worth $3,489,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sterling Investment Counsel LLC increased its holdings in Eversource Energy by 4.9% in the 1st quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider's stock worth $255,000 after acquiring an additional 190 shares in the last quarter. Ascent Group LLC grew its holdings in shares of Eversource Energy by 1.2% in the fourth quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider's stock valued at $1,129,000 after purchasing an additional 230 shares during the period. Advisor OS LLC grew its holdings in shares of Eversource Energy by 4.2% in the first quarter. Advisor OS LLC now owns 5,694 shares of the utilities provider's stock valued at $354,000 after purchasing an additional 232 shares during the period. Cromwell Holdings LLC increased its stake in Eversource Energy by 44.2% during the first quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider's stock worth $51,000 after acquiring an additional 254 shares during the last quarter. Finally, First Manhattan CO. LLC. increased its stake in Eversource Energy by 2.9% during the fourth quarter. First Manhattan CO. LLC. now owns 9,131 shares of the utilities provider's stock worth $524,000 after acquiring an additional 255 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Price Performance

Shares of ES traded down $0.22 on Friday, reaching $64.09. The stock had a trading volume of 1,740,715 shares, compared to its average volume of 2,248,530. The firm has a market capitalization of $23.78 billion, a PE ratio of 27.50, a PEG ratio of 2.41 and a beta of 0.64. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average of $65.12 and a 200 day moving average of $62.64. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane bought 3,780 shares of the stock in a transaction dated Friday, August 22nd. The stock was bought at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the purchase, the insider directly owned 12,033 shares of the company's stock, valued at approximately $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research reports. Mizuho lifted their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Bank of America lifted their price target on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $64.38.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.