Kinloch Capital LLC Acquires New Shares in Eversource Energy $ES

Kinloch Capital LLC acquired a new position in Eversource Energy (NYSE:ESFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 65,120 shares of the utilities provider’s stock, valued at approximately $4,706,000. Eversource Energy accounts for 1.7% of Kinloch Capital LLC’s portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ES. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Eversource Energy during the fourth quarter worth $1,158,000. F m Investments LLC acquired a new stake in shares of Eversource Energy in the fourth quarter valued at $4,854,000. Forsta AP Fonden grew its stake in shares of Eversource Energy by 118.5% in the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after buying an additional 132,300 shares in the last quarter. John G Ullman & Associates Inc. raised its holdings 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 valued at $13,116,000 after buying an additional 31,875 shares during the period. Finally, National Pension Service raised its holdings 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 valued at $38,585,000 after buying an additional 27,798 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Up 1.5%

ES opened at $71.24 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The stock has a market capitalization of $26.84 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 5.18 and a beta of 0.70. The business has a fifty day moving average price of $72.75 and a 200 day moving average price of $71.02. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.57.

Eversource Energy (NYSE:ESGet Free Report) last announced its quarterly earnings data 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 in the previous year, the company posted $0.96 earnings per share. The business’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. Sell-side analysts expect that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy 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 sale, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research analyst reports. Capital One Financial set a $73.00 target price on Eversource Energy in a report on Wednesday, July 1st. Wells Fargo & Company boosted their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, BMO Capital Markets dropped their price objective on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $72.92.

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About Eversource Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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