Meiji Yasuda Asset Management Co Ltd. Makes New Investment in Eversource Energy $ES

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 160,564 shares of the utilities provider's stock, valued at approximately $11,604,000.

A number of other institutional investors have also recently made changes to their positions in ES. Elevation Wealth Partners LLC grew its stake 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 buying an additional 240 shares during the last quarter. Activest Wealth Management boosted its holdings in Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider's stock worth $26,000 after acquiring an additional 374 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Eversource Energy during the second quarter worth about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Eversource Energy during the fourth quarter worth about $28,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ES shares. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research report on Wednesday, July 1st. Mizuho upped their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Argus cut shares of Eversource Energy from a "buy" rating to a "hold" rating in a report on Friday, June 12th. Citigroup reiterated a "hold" rating and set a $81.00 price objective on shares of Eversource Energy in a research note on Monday, July 27th. Finally, Weiss Ratings raised shares of Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $72.92.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred 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 sale, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

Eversource Energy Trading Up 0.1%

Shares of NYSE:ES opened at $70.25 on Monday. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 5.18 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The business has a 50-day moving average price of $72.71 and a 200-day moving average price of $71.00.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting analysts' consensus estimates 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 return on equity of 11.33% and a net margin of 10.35%.The company's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities analysts predict that Eversource Energy will post 4.64 EPS for the current year.

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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