Eversource Energy $ES Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its ownership in Eversource Energy by 47.6% during the first quarter, bringing its total holdings to approximately $1.3 million.
• Eversource Energy reported $0.96 EPS for the last quarter, surpassing expectations, and achieved a 12% increase in revenue year-over-year.
• Current analysts' outlook shows Eversource Energy has an average rating of "Hold" with a price target of $64.38, indicating mixed investor sentiment.

Federation des caisses Desjardins du Quebec boosted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 47.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 20,893 shares of the utilities provider's stock after acquiring an additional 6,734 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Eversource Energy were worth $1,298,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. First Manhattan CO. LLC. raised its position in Eversource Energy by 2.7% during the first quarter. First Manhattan CO. LLC. now owns 9,382 shares of the utilities provider's stock worth $583,000 after acquiring an additional 251 shares during the period. Flputnam Investment Management Co. raised its position in Eversource Energy by 49.0% during the first quarter. Flputnam Investment Management Co. now owns 5,971 shares of the utilities provider's stock worth $371,000 after acquiring an additional 1,963 shares during the period. Retirement Planning Co of New England Inc. raised its position in Eversource Energy by 5.6% during the first quarter. Retirement Planning Co of New England Inc. now owns 4,190 shares of the utilities provider's stock worth $260,000 after acquiring an additional 223 shares during the period. MAI Capital Management raised its position in Eversource Energy by 10.0% during the first quarter. MAI Capital Management now owns 2,896 shares of the utilities provider's stock worth $180,000 after acquiring an additional 263 shares during the period. Finally, Quarry LP raised its position in Eversource Energy by 146.1% during the first quarter. Quarry LP now owns 2,050 shares of the utilities provider's stock worth $127,000 after acquiring an additional 1,217 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Up 0.1%

Shares of ES opened at $63.49 on Monday. 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 $68.73. The firm has a 50-day moving average price of $65.15 and a 200 day moving average price of $62.69. The firm has a market capitalization of $23.56 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.39 and a beta of 0.64.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Eversource Energy'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. Sell-side analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research analyst reports. Mizuho upped their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Bank of America upped their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of "Hold" and an average price target of $64.38.

Insider Activity

In other news, insider Loretta D. Keane acquired 3,780 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $66.07 per share, with a total value of $249,744.60. Following the completion of the acquisition, the insider owned 12,033 shares of the company's stock, valued at $795,020.31. This trade represents a 45.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.19% of the company's stock.

Eversource Energy 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.

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