Hsbc Holdings PLC Buys 103,215 Shares of Eversource Energy $ES

Key Points

• HSBC Holdings increased its Eversource Energy stake by 2.8%, purchasing 103,215 shares to hold 3.76 million shares valued at approximately $272.1 million, or 1% of the company.
• 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 but rose 2.3% year over year. The company maintained 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, compared with the stock’s recent price of $71.00.

Hsbc Holdings PLC grew its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,759,955 shares of the utilities provider's stock after buying an additional 103,215 shares during the period. Hsbc Holdings PLC owned 1.00% of Eversource Energy worth $272,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC increased its holdings in Eversource Energy by 220.2% during 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 period. Edmond DE Rothschild Holding S.A. bought a new position in Eversource Energy in the 2nd quarter valued at $26,000. Garton & Associates Financial Advisors LLC bought a new position in Eversource Energy in the 4th quarter valued at $28,000. Godfrey Financial Associates Inc. purchased a new position in shares of Eversource Energy during the 4th quarter valued at $29,000. Finally, First Bancorp Inc ME purchased a new position in shares of Eversource Energy during the 2nd quarter valued at $30,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

ES opened at $71.00 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $26.74 billion, a P/E ratio of 18.39, a PEG ratio of 3.08 and a beta of 0.69. The stock has a 50-day moving average price of $72.80 and a 200-day moving average price of $71.09. Eversource Energy has a 12-month low of $62.45 and a 12-month high of $76.57.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates of $0.87. The company had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.Eversource Energy's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities analysts predict that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Argus downgraded Eversource Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 12th. Capital One Financial set a $73.00 target price on Eversource Energy in a research report on Wednesday, July 1st. BMO Capital Markets decreased their target price on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings raised Eversource Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Finally, Wells Fargo & Company lifted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Eversource Energy has a consensus rating of "Hold" and an average target price of $72.92.

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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