Banco Bilbao Vizcaya Argentaria S.A. Has $1.85 Million Stock Holdings in Eversource Energy $ES

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. significantly increased its stake in Eversource Energy by 248.3% in Q1, holding 29,912 shares valued at approximately $1.85 million.
• Institutional investors and hedge funds control 79.99% of Eversource Energy's stock, indicating strong institutional interest in the company.
• Eversource Energy's quarterly earnings beat estimates with an EPS of $0.96, though its revenue of $2.84 billion fell short of expectations.

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 248.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,912 shares of the utilities provider's stock after purchasing an additional 21,325 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Eversource Energy were worth $1,848,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ES. Groupama Asset Managment lifted its stake in Eversource Energy by 6.1% during the first quarter. Groupama Asset Managment now owns 30,185 shares of the utilities provider's stock worth $1,845,000 after purchasing an additional 1,728 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Eversource Energy during the first quarter worth approximately $7,432,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Eversource Energy by 39.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,866 shares of the utilities provider's stock worth $985,000 after acquiring an additional 4,515 shares during the period. Hsbc Holdings PLC grew its holdings in Eversource Energy by 8.2% during the first quarter. Hsbc Holdings PLC now owns 2,941,824 shares of the utilities provider's stock worth $182,248,000 after acquiring an additional 222,104 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Eversource Energy by 4.5% in the first quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider's stock valued at $1,068,901,000 after purchasing an additional 739,448 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ES has been the topic of several research reports. BMO Capital Markets upped their target price on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Bank of America upped their price objective on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Mizuho upped their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $64.38.

Eversource Energy Stock Up 1.6%

ES stock traded up $1.0750 during midday trading on Friday, hitting $66.4950. 1,526,442 shares of the company's stock were exchanged, compared to its average volume of 2,013,039. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01. The firm has a 50 day moving average price of $65.00 and a 200-day moving average price of $62.49. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.61.

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

Eversource Energy Company 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.