Pacer Advisors Inc. lessened its stake in shares of Eversource Energy (NYSE:ES – Free Report) by 35.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,756 shares of the utilities provider’s stock after selling 10,487 shares during the period. Pacer Advisors Inc.’s holdings in Eversource Energy were worth $1,299,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $1,158,000. F m Investments LLC purchased a new stake in shares of Eversource Energy during the 4th quarter valued at approximately $4,854,000. Forsta AP Fonden lifted its holdings in 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 acquiring an additional 132,300 shares during the last quarter. John G Ullman & Associates Inc. lifted its holdings in Eversource Energy by 19.6% in the fourth quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock valued at $13,116,000 after acquiring an additional 31,875 shares during the last quarter. Finally, National Pension Service grew its position in 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 during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Citigroup restated a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Wells Fargo & Company raised their price objective on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Mizuho boosted their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Scotiabank lowered their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Tuesday, April 21st. Finally, Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $72.92.
Insider Activity
In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were 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 of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.
Eversource Energy Price Performance
ES stock opened at $72.42 on Friday. The business’s fifty day moving average price is $72.13 and its 200 day moving average price is $70.86. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.57. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $27.28 billion, a PE ratio of 18.76, a P/E/G ratio of 5.33 and a beta of 0.70.
Eversource Energy (NYSE:ES – Get Free Report) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.Eversource Energy’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts anticipate that Eversource Energy will post 4.64 EPS for the current year.
Eversource Energy 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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