Hsbc Holdings PLC Buys 103,215 Shares of Eversource Energy $ES

Hsbc Holdings PLC boosted its stake in shares of Eversource Energy (NYSE:ES) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,759,955 shares of the utilities provider’s stock after acquiring an additional 103,215 shares during the quarter. Hsbc Holdings PLC’s holdings in Eversource Energy were worth $272,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ES. Elevation Wealth Partners LLC grew its holdings in shares of Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 240 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Eversource Energy during the 2nd quarter valued at $26,000. First Bancorp Inc ME bought a new stake in Eversource Energy during the 2nd quarter valued at $30,000. Garton & Associates Financial Advisors LLC bought a new stake in Eversource Energy during the 4th quarter valued at $28,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Eversource Energy during the 4th quarter valued at $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Performance

NYSE:ES opened at $71.00 on Monday. 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’s fifty day simple moving average is $72.80 and its 200 day simple moving average is $71.09. The stock has a market cap of $26.74 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 3.08 and a beta of 0.69. Eversource Energy has a twelve month low of $62.45 and a twelve month high of $76.57.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business earned $0.96 EPS. The company’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. As a group, research analysts predict that Eversource Energy will post 4.65 EPS for the current year.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research note on Wednesday, July 1st. BMO Capital Markets dropped their target price 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. Citigroup reissued a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Finally, Mizuho upped their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.92.

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.