PensionDanmark Pensionsforsikringsaktieselskab lessened its stake in Eversource Energy (NYSE:ES – Free Report) by 27.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,587 shares of the utilities provider’s stock after selling 16,890 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Eversource Energy were worth $3,222,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Eversource Energy in the 4th quarter valued at about $1,158,000. F m Investments LLC acquired a new stake in shares of Eversource Energy during the fourth quarter valued at about $4,854,000. Forsta AP Fonden increased its position in shares of Eversource Energy by 118.5% during the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock worth $16,422,000 after acquiring an additional 132,300 shares during the last quarter. John G Ullman & Associates Inc. increased its position in shares of Eversource Energy by 19.6% during the fourth quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock worth $13,116,000 after acquiring an additional 31,875 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of Eversource Energy by 5.1% in the fourth quarter. National Pension Service now owns 573,073 shares of the utilities provider’s stock worth $38,585,000 after acquiring an additional 27,798 shares in 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 Eversource Energy stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on ES
Eversource Energy Stock Performance
Shares of ES stock opened at $72.42 on Monday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a one year low of $61.53 and a one year high of $76.57. The company’s 50-day simple moving average is $72.13 and its 200-day simple moving average is $70.87. The stock has a market capitalization of $27.28 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 5.33 and a beta of 0.70.
Eversource Energy (NYSE:ES – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting analysts’ consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business 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 firm earned $0.96 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current fiscal year.
Eversource Energy Company Profile
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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