Deutsche Bank AG Invests $311.55 Million in Eversource Energy $ES

Deutsche Bank AG bought a new stake in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,310,891 shares of the utilities provider’s stock, valued at approximately $311,548,000. Deutsche Bank AG owned about 1.14% of Eversource Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Eversource Energy during the 4th quarter valued at about $1,158,000. F m Investments LLC acquired a new stake in Eversource Energy in the fourth quarter worth approximately $4,854,000. Forsta AP Fonden boosted its stake in Eversource Energy by 118.5% during 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. boosted its position in shares of Eversource Energy by 19.6% during 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 purchasing an additional 31,875 shares in the last quarter. Finally, National Pension Service boosted its holdings in Eversource Energy by 5.1% during the fourth 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 in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.5%

Shares of Eversource Energy stock opened at $72.00 on Tuesday. The firm has a market capitalization of $27.12 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70. The company’s fifty day moving average price is $72.49 and its two-hundred day moving average price is $70.92. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $2.90 billion for 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%.The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts expect that Eversource Energy will post 4.64 EPS for the current 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 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 approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Bank of America reissued a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research note on Wednesday, April 22nd. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Mizuho boosted their price target on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Citigroup reaffirmed a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Eversource Energy 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.