Jupiter Topco LLC Invests $4.56 Million in Eversource Energy $ES

Jupiter Topco LLC bought a new position in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 63,158 shares of the utilities provider’s stock, valued at approximately $4,563,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Eversource Energy during the second quarter valued at $3,086,413,000. State Street Corp grew its holdings in shares of Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after purchasing an additional 1,265,802 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Eversource Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock worth $646,233,000 after purchasing an additional 194,781 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after purchasing an additional 3,645,555 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Eversource Energy by 4.2% during the 4th quarter. Morgan Stanley now owns 5,879,604 shares of the utilities provider’s stock valued at $395,874,000 after purchasing an additional 238,723 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

ES has been the topic of several research analyst reports. Mizuho upped their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their target price on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Finally, BMO Capital Markets cut their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Eversource Energy has an average rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Stock Down 0.8%

Shares of ES opened at $70.30 on Tuesday. The firm has a market capitalization of $26.48 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 5.22 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The business’s fifty day moving average price is $72.89 and its two-hundred day moving average price is $71.12. Eversource Energy has a 52 week low of $62.45 and a 52 week high of $76.57.

Eversource Energy (NYSE:ES) last released its earnings results 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 the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts predict that Eversource Energy will post 4.64 earnings per share for the current 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.