BlackRock Inc. bought a new position in Eversource Energy (NYSE:ES - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,706,691 shares of the utilities provider's stock, valued at approximately $3,086,413,000. BlackRock Inc. owned approximately 11.34% of Eversource Energy as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of ES. Empowered Funds LLC raised its stake in shares of Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider's stock worth $1,003,000 after purchasing an additional 1,319 shares during the last quarter. Woodline Partners LP raised its stake in shares of Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider's stock valued at $1,925,000 after buying an additional 8,984 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Eversource Energy by 115.1% in the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider's stock valued at $92,000 after acquiring an additional 801 shares during the period. Schnieders Capital Management LLC. boosted its position in Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider's stock worth $3,718,000 after purchasing an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Eversource Energy by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider's stock worth $505,000 after purchasing an additional 349 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other 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 sale, the vice president directly owned 56,179 shares of the company's stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of analysts recently issued reports on ES shares. BMO Capital Markets lowered 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 report on Wednesday, July 22nd. Scotiabank decreased their price target on shares of Eversource Energy from $66.00 to $63.00 and set a "sector underperform" rating on the stock in a research note on Tuesday, April 21st. Argus lowered Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Wells Fargo & Company increased their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Finally, 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 note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $72.92.
Get Our Latest Stock Report on ES
Eversource Energy Trading Up 0.5%
Shares of ES stock opened at $72.27 on Wednesday. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57. The company has a 50 day moving average price of $72.55 and a 200 day moving average price of $70.94. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The stock has a market capitalization of $27.22 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70.
Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.
About Eversource Energy
(
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.
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