Ontario Teachers Pension Plan Board purchased a new position in Eversource Energy (NYSE:ES – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,437,437 shares of the utilities provider’s stock, valued at approximately $103,884,000. Eversource Energy accounts for about 0.7% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 23rd largest position.
A number of other institutional investors have also added to or reduced their stakes in ES. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Eversource Energy in the fourth quarter worth about $1,158,000. F m Investments LLC purchased a new position in shares of Eversource Energy during the fourth quarter valued at approximately $4,854,000. Forsta AP Fonden boosted its position in shares of Eversource Energy by 118.5% in the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock worth $16,422,000 after purchasing an additional 132,300 shares in the last quarter. John G Ullman & Associates Inc. boosted its position in shares of Eversource Energy by 19.6% in the 4th quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock worth $13,116,000 after purchasing an additional 31,875 shares in the last quarter. Finally, National Pension Service grew its stake in shares of Eversource Energy by 5.1% in the 4th quarter. National Pension Service now owns 573,073 shares of the utilities provider’s stock worth $38,585,000 after buying an additional 27,798 shares during the last quarter. Institutional investors 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 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 $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.
Analyst Upgrades and Downgrades
Eversource Energy Price Performance
Shares of ES opened at $72.27 on Wednesday. The company has a market capitalization of $27.22 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70. 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 50 day moving average of $72.55 and a 200 day moving average of $70.94. Eversource Energy has a twelve month low of $61.53 and a twelve month high of $76.57.
Eversource Energy (NYSE:ES – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current fiscal year.
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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