Canada Pension Plan Investment Board Acquires Shares of 1,096,271 Eversource Energy $ES

Key Points

• Canada Pension Plan Investment Board acquired 1,096,271 shares of Eversource Energy in the second quarter, worth approximately $79.2 million and representing a 0.29% stake.
• Institutional investors own nearly 80% of Eversource’s outstanding shares, while company insider ownership is just 0.18%; a vice president also sold 7,000 shares for about $489,000.
• Analysts have a consensus “Hold” rating and a $72.92 price target. Eversource reported quarterly EPS of $0.87, in line with estimates, while revenue of $2.90 billion fell short of the $2.99 billion consensus.

Canada Pension Plan Investment Board acquired a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,096,271 shares of the utilities provider's stock, valued at approximately $79,228,000. Canada Pension Plan Investment Board owned 0.29% of Eversource Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its holdings in Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock worth $25,000 after acquiring an additional 240 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Eversource Energy during the second quarter valued at about $26,000. Activest Wealth Management boosted its holdings in shares of Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider's stock worth $26,000 after purchasing an additional 374 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Eversource Energy during the fourth quarter worth about $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Eversource Energy in the fourth quarter worth about $29,000. Institutional investors own 79.99% of the company's stock.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction 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 transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings raised Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 10th. Citigroup reissued a "hold" rating and set a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Argus downgraded Eversource Energy from a "buy" rating to a "hold" rating in a report on Friday, June 12th. Wells Fargo & Company raised their price target on Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, July 2nd. Finally, BMO Capital Markets cut 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. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $72.92.

Eversource Energy Stock Performance

Shares of ES opened at $71.78 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. Eversource Energy has a one year low of $62.45 and a one year high of $76.57. The company has a 50-day simple moving average of $72.83 and a two-hundred day simple moving average of $71.06. The firm has a market capitalization of $27.04 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 5.24 and a beta of 0.70.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting analysts' consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm 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 earned $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. On average, analysts anticipate that Eversource Energy will post 4.64 EPS for the current fiscal year.

About Eversource Energy

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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