Eversource Energy $ES Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Eversource Energy stake by 2.6% in the first quarter, selling 42,257 shares and retaining 1.58 million shares valued at approximately $109.7 million. Institutional investors collectively own nearly 80% of the company.
• Eversource reported quarterly EPS of $0.87, in line with analyst expectations, while revenue of $2.90 billion fell short of the $2.99 billion consensus estimate but increased 2.3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $4.57–$4.72.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $72.92; ES recently traded at $72.42. An Eversource vice president also sold 7,000 shares for approximately $489,000.

Bank of America Corp DE trimmed its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,583,041 shares of the utilities provider's stock after selling 42,257 shares during the period. Bank of America Corp DE owned about 0.42% of Eversource Energy worth $109,673,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Eversource Energy by 1.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider's stock worth $999,000 after purchasing an additional 140 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Eversource Energy by 1.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider's stock worth $895,000 after purchasing an additional 142 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Eversource Energy by 1.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider's stock valued at $807,000 after acquiring an additional 160 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Eversource Energy by 1.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider's stock valued at $975,000 after buying an additional 162 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Eversource Energy by 4.9% during the third quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider's stock worth $259,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Trading Up 0.5%

ES opened at $72.42 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.59. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57. The company's 50 day moving average price is $72.13 and its two-hundred day moving average price is $70.86. The firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 5.31 and a beta of 0.70.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts predict that Eversource Energy will post 4.64 earnings per share for the current year.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares of the company's stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Bank of America reaffirmed a "buy" rating and issued a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. BMO Capital Markets reduced their target price on shares of Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a research 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 shares of Eversource Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 12th. Finally, Wells Fargo & Company boosted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $72.92.

Eversource Energy Profile

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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