Legal & General Group Plc bought a new stake in Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,970,456 shares of the utilities provider's stock, valued at approximately $359,215,000. Legal & General Group Plc owned about 1.32% of Eversource Energy at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Eversource Energy during the second quarter valued at about $53,192,000. Peak Asset Management LLC purchased a new position in shares of Eversource Energy in the 2nd quarter worth approximately $207,000. Partners Capital Investment Group LLP purchased a new position in shares of Eversource Energy in the 2nd quarter worth approximately $718,000. Cibc World Market Inc. bought a new position in shares of Eversource Energy during the 2nd quarter worth approximately $1,102,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Eversource Energy during the 2nd quarter worth approximately $1,333,000. 79.99% of the stock is currently owned by institutional investors.
Insider Transactions at Eversource Energy
In related news, VP Gregory B. Butler sold 7,000 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
ES has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. BMO Capital Markets decreased their price objective on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Citigroup reissued a "hold" rating and issued a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th. Mizuho boosted their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Finally, Argus lowered Eversource Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $72.92.
Read Our Latest Analysis on Eversource Energy
Eversource Energy Stock Down 0.3%
NYSE:ES opened at $71.07 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. Eversource Energy has a twelve month low of $62.45 and a twelve month high of $76.57. The company has a market cap of $26.77 billion, a PE ratio of 18.41, a P/E/G ratio of 5.25 and a beta of 0.70. The company's 50 day moving average is $72.77 and its two-hundred day moving average is $71.04.
Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter last year, the company posted $0.96 earnings per share. The business's quarterly revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts anticipate that Eversource Energy will post 4.64 EPS for the current year.
Eversource Energy Profile
(
Free Report)
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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