Mitsubishi UFJ Asset Management Co. Ltd. Invests $70.99 Million in Eversource Energy $ES

Key Points

• Mitsubishi UFJ Asset Management acquired 982,349 shares of Eversource Energy worth approximately $70.99 million, representing about 0.26% of the utility company. Institutional investors collectively own 79.99% of Eversource.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $72.92. Recent targets range from $73 to $81, while some firms upgraded or raised their targets.
• Eversource reported quarterly EPS of $0.87, matching estimates, while revenue rose 2.3% year over year to $2.90 billion but fell short of expectations. Shares opened at $72.01, and the company provided fiscal 2026 EPS guidance of $4.57–$4.72.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Eversource Energy (NYSE:ES - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 982,349 shares of the utilities provider's stock, valued at approximately $70,994,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.26% of Eversource Energy at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Persistent Asset Partners Ltd acquired a new stake in Eversource Energy during the second quarter worth approximately $64,000. OneDigital Investment Advisors LLC bought a new stake in shares of Eversource Energy during the 2nd quarter valued at $776,000. Plato Investment Management Ltd bought a new stake in shares of Eversource Energy during the 2nd quarter valued at $4,134,000. Simplicity Wealth LLC acquired a new stake in shares of Eversource Energy during the 2nd quarter worth $280,000. Finally, Trivium Point Advisory LLC acquired a new stake in shares of Eversource Energy during the 2nd quarter worth $648,000. 79.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Mizuho boosted their price target on Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Citigroup reissued a "hold" rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Weiss Ratings upgraded shares of Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 10th. Wells Fargo & Company upped their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of "Hold" and an average target price of $72.92.

Eversource Energy Trading Down 0.3%

Shares of ES stock opened at $72.01 on Thursday. Eversource Energy has a twelve month low of $61.53 and a twelve month high of $76.57. The stock's fifty day simple moving average is $72.60 and its 200 day simple moving average is $70.96. 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 firm has a market capitalization of $27.12 billion, a P/E ratio of 18.65, a P/E/G ratio of 5.33 and a beta of 0.70.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $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. As a group, sell-side analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

Insider Transactions at Eversource Energy

In related 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 sale, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

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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