Northcape Wealth Management LLC Takes $2.51 Million Position in Eversource Energy $ES

Northcape Wealth Management LLC acquired a new stake in Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,672 shares of the utilities provider's stock, valued at approximately $2,506,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Eversource Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider's stock valued at $3,198,996,000 after acquiring an additional 697,829 shares during the period. BlackRock Inc. acquired a new position in shares of Eversource Energy in the 2nd quarter worth approximately $3,086,413,000. State Street Corp boosted its position in shares of Eversource Energy by 4.7% during the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider's stock worth $1,886,119,000 after purchasing an additional 1,265,802 shares during the period. Geode Capital Management LLC boosted its position in shares of Eversource Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider's stock worth $646,233,000 after purchasing an additional 194,781 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Eversource Energy by 61.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider's stock valued at $642,747,000 after purchasing an additional 3,645,555 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the business's stock in a transaction dated Thursday, June 4th. The stock was 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 directly owned 56,179 shares of the company's stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

Eversource Energy Stock Down 0.3%

Shares of NYSE ES opened at $72.01 on Thursday. The stock has a market cap of $27.12 billion, a P/E ratio of 18.65, a PEG ratio of 5.33 and a beta of 0.70. The business's fifty day simple moving average is $72.60 and its 200-day simple moving average is $70.96. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.57. 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 (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 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 analysts' expectations of $2.99 billion. During the same period in the previous year, the firm posted $0.96 EPS. Eversource Energy's revenue for the quarter 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, equities analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of research reports. Mizuho upped their price target on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Bank of America reaffirmed a "buy" rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Argus lowered shares of Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Citigroup reissued a "hold" rating and set a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Finally, Wells Fargo & Company raised their price objective 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. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Eversource Energy presently has a consensus rating of "Hold" and a consensus 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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