Bank of New York Mellon Corp Buys Shares of 3,099,703 Eversource Energy $ES

Key Points

• Bank of New York Mellon acquired 3.1 million Eversource Energy shares worth approximately $224 million, taking an 0.82% stake. Institutional investors collectively own 79.99% of the utility.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $72.92; recent targets range from $72 to $81.
• Eversource reported quarterly EPS of $0.87, in line with estimates, while revenue of $2.90 billion fell short of expectations. The company maintained fiscal 2026 EPS guidance of $4.57–$4.72.

Bank of New York Mellon Corp purchased a new position in shares of Eversource Energy (NYSE:ES - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,099,703 shares of the utilities provider's stock, valued at approximately $224,016,000. Bank of New York Mellon Corp owned 0.82% of Eversource Energy as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Elevation Wealth Partners LLC increased its holdings in Eversource Energy by 220.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock worth $25,000 after purchasing an additional 240 shares during the period. Activest Wealth Management increased its holdings in shares of Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 374 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $28,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $29,000. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $30,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business's stock in a transaction dated Thursday, June 4th. The stock was 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 of the company's stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ES. BMO Capital Markets lowered their price target on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Mizuho boosted their price objective 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. Citigroup reaffirmed a "hold" rating and issued a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Argus downgraded shares of Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Finally, Capital One Financial set a $73.00 price objective on Eversource Energy in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $72.92.

Eversource Energy Stock Performance

Eversource Energy stock opened at $70.25 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57. The stock has a fifty day moving average of $72.71 and a two-hundred day moving average of $70.98. The company has a market capitalization of $26.46 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 5.18 and a beta of 0.70.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior 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, analysts anticipate that Eversource Energy will post 4.64 EPS for the current fiscal year.

Eversource Energy 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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