Van Lanschot Kempen Investment Management N.V. Makes New $7.43 Million Investment in Eversource Energy $ES

Key Points

• Van Lanschot Kempen Investment Management N.V. has acquired a new position in Eversource Energy, purchasing 119,651 shares valued at approximately $7.43 million in the first quarter of the year.
• Institutional investors own 79.99% of Eversource Energy's stock, with various institutions increasing their stakes or initiating new positions in recent months.
• Eversource Energy reported a quarterly earnings per share of $0.96, exceeding estimates, while setting its fiscal year 2025 guidance at $4.670-4.820 EPS.

Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 119,651 shares of the utilities provider's stock, valued at approximately $7,432,000.

A number of other hedge funds have also recently made changes to their positions in ES. Ballentine Partners LLC grew its stake in Eversource Energy by 4.9% in the 1st quarter. Ballentine Partners LLC now owns 5,934 shares of the utilities provider's stock worth $369,000 after buying an additional 277 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Eversource Energy by 105.6% in the 1st quarter. Farther Finance Advisors LLC now owns 4,623 shares of the utilities provider's stock worth $287,000 after buying an additional 2,374 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Eversource Energy by 233.9% in the 1st quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock worth $52,000 after buying an additional 580 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Eversource Energy by 14.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 66,402 shares of the utilities provider's stock worth $4,124,000 after buying an additional 8,616 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Eversource Energy by 5.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 13,942 shares of the utilities provider's stock worth $866,000 after buying an additional 734 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Eversource Energy Trading Down 4.4%

NYSE ES traded down $2.9010 during trading on Monday, hitting $63.6290. The company had a trading volume of 2,732,400 shares, compared to its average volume of 2,662,946. The company's fifty day moving average is $65.00 and its 200-day moving average is $62.52. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.50 and a beta of 0.61. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. Eversource Energy has a one year low of $52.28 and a one year high of $69.01.

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

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.