Eversource Energy $ES Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP reduced its stake in Eversource Energy by 47.9%, now holding 56,819 shares valued at approximately $3.53 million.
• The company reported $0.96 earnings per share for the last quarter, slightly beating analyst expectations of $0.95, while revenue was $2.84 billion, lower than estimated.
• Several analysts raised their price targets for Eversource Energy, with Mizuho increasing it from $68.00 to $72.00, reflecting a generally positive outlook on the stock.

Quantbot Technologies LP lowered its holdings in Eversource Energy (NYSE:ES - Free Report) by 47.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,819 shares of the utilities provider's stock after selling 52,293 shares during the quarter. Quantbot Technologies LP's holdings in Eversource Energy were worth $3,529,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinney & Scofield Inc. acquired a new stake in shares of Eversource Energy in the fourth quarter valued at about $33,000. Rossby Financial LCC purchased a new stake in Eversource Energy during the 1st quarter worth about $34,000. CoreCap Advisors LLC raised its stake in Eversource Energy by 168.7% in the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 383 shares during the last quarter. First Financial Corp IN lifted its holdings in Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 600 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Eversource Energy during the 1st quarter worth about $46,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Up 1.6%

NYSE:ES traded up $1.0750 on Friday, hitting $66.4950. 1,526,442 shares of the stock were exchanged, compared to its average volume of 2,022,393. The stock has a market cap of $24.68 billion, a PE ratio of 28.54, a PEG ratio of 2.50 and a beta of 0.61. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. The stock has a fifty day moving average of $65.00 and a 200-day moving average of $62.49.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company's revenue was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, equities analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ES shares. Mizuho boosted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Bank of America raised their price objective on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. BMO Capital Markets upped their target price on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Finally, Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $64.38.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.