34,672 Shares in Eversource Energy $ES Bought by Northcape Wealth Management LLC

Northcape Wealth Management LLC bought a new stake in Eversource Energy (NYSE:ES) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 34,672 shares of the utilities provider’s stock, valued at approximately $2,506,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Eversource Energy in the 4th quarter valued at $1,158,000. F m Investments LLC purchased a new stake in Eversource Energy in the fourth quarter valued at $4,854,000. Forsta AP Fonden lifted its position 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. National Pension Service boosted its stake in Eversource Energy by 5.1% in the fourth quarter. National Pension Service now owns 573,073 shares of the utilities provider’s stock valued at $38,585,000 after acquiring an additional 27,798 shares in the last quarter. Finally, John G Ullman & Associates Inc. boosted its stake 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 in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.3%

NYSE ES opened at $72.01 on Thursday. The firm’s fifty day moving average is $72.60 and its two-hundred day moving average is $70.96. Eversource Energy has a one year low of $61.53 and a one year high of $76.57. 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 firm has a market cap of $27.12 billion, a PE ratio of 18.65, a P/E/G ratio of 5.33 and a beta of 0.70.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share 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 the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts expect that Eversource Energy will post 4.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Citigroup reissued a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. BMO Capital Markets dropped their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Capital One Financial set a $73.00 price target on Eversource Energy in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company boosted their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. 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 company’s stock. Based on data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average target price of $72.92.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred 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 transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This trade represents 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. Company insiders own 0.18% of the company’s stock.

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.