Danske Bank A S Raises Stake in Eversource Energy $ES

Key Points

• Danske Bank A S raised its stake in Eversource by 10.1%, adding 33,294 shares to hold 361,920 shares worth about $24.37 million, while institutional investors collectively own roughly 79.99% of the company.
• Eversource beat Q4 estimates with EPS of $1.12 (vs. $1.10) and revenue of $3.37B (vs. $2.94B), reported 13.4% revenue growth year-over-year, and set FY2026 guidance of 4.80–4.95 EPS (consensus ~4.72).
• The stock trades near $71.15 with a market cap of $26.74B and a P/E of 15.57, and analyst coverage shows a consensus rating of Hold with a $71.80 average target price.

Danske Bank A S raised its position in shares of Eversource Energy (NYSE:ES - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 361,920 shares of the utilities provider's stock after purchasing an additional 33,294 shares during the quarter. Danske Bank A S owned 0.10% of Eversource Energy worth $24,368,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Eversource Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider's stock valued at $3,198,996,000 after purchasing an additional 697,829 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in Eversource Energy by 6.5% during the third quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider's stock valued at $526,919,000 after purchasing an additional 454,658 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Eversource Energy by 9.4% during the third quarter. Victory Capital Management Inc. now owns 5,900,662 shares of the utilities provider's stock valued at $419,773,000 after buying an additional 505,489 shares during the last quarter. Legal & General Group Plc raised its position in shares of Eversource Energy by 1.3% during the third quarter. Legal & General Group Plc now owns 5,088,500 shares of the utilities provider's stock valued at $361,996,000 after buying an additional 63,466 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Eversource Energy by 4.7% during the third quarter. Bank of New York Mellon Corp now owns 2,545,084 shares of the utilities provider's stock valued at $181,057,000 after buying an additional 113,836 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 0.6%

Shares of ES opened at $71.15 on Friday. The company's fifty day moving average is $70.80 and its 200 day moving average is $70.06. Eversource Energy has a fifty-two week low of $58.03 and a fifty-two week high of $76.41. The stock has a market capitalization of $26.74 billion, a PE ratio of 15.57, a P/E/G ratio of 4.64 and a beta of 0.74. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. Eversource Energy's quarterly revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Sell-side analysts expect that Eversource Energy will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Cotton M. Cleveland sold 2,581 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the sale, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John M. Moreira sold 7,800 shares of the business's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president owned 43,269 shares in the company, valued at $3,197,579.10. This represents a 15.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 16,381 shares of company stock worth $1,211,079. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ES shares. Seaport Research Partners cut shares of Eversource Energy from a "buy" rating to a "neutral" rating in a research report on Monday, April 20th. Wells Fargo & Company reduced their price objective on shares of Eversource Energy from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. lifted their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an "underweight" rating in a research report on Thursday, March 12th. Argus upgraded shares of Eversource Energy to a "strong-buy" rating in a research report on Tuesday, March 24th. Finally, Scotiabank reduced their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a "sector underperform" rating on the stock in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $71.80.

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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