78,583 Shares in Eversource Energy $ES Purchased by Westpac Banking Corp

Westpac Banking Corp acquired a new position in shares of Eversource Energy (NYSE:ES) in the second quarter, HoldingsChannel reports. The institutional investor acquired 78,583 shares of the utilities provider’s stock, valued at approximately $5,679,000.

A number of other hedge funds have also bought and sold shares of ES. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Eversource Energy in the fourth quarter worth $1,158,000. F m Investments LLC acquired a new stake in Eversource Energy during the fourth quarter worth about $4,854,000. Forsta AP Fonden increased its stake 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. increased its stake in shares of Eversource Energy by 19.6% in 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 during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Eversource Energy by 13.2% in the second quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider’s stock valued at $25,468,000 after buying an additional 40,993 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Down 2.6%

ES stock opened at $70.25 on Friday. The stock’s 50 day simple moving average is $72.71 and its 200 day simple moving average is $70.98. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week 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 company has a market cap of $26.46 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 5.32 and a beta of 0.70.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts expect that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy 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 completion of the transaction, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ES shares. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday, July 1st. Citigroup reaffirmed a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Mizuho increased their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Wells Fargo & Company boosted their price target on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $72.92.

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.