Commerce Bank Buys Shares of 58,839 Eversource Energy $ES

Commerce Bank bought a new position in shares of Eversource Energy (NYSE:ES) during the second quarter, HoldingsChannel.com reports. The firm bought 58,839 shares of the utilities provider’s stock, valued at approximately $4,252,000.

A number of other hedge funds have also modified their holdings of ES. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Eversource Energy during the fourth quarter worth about $1,158,000. F m Investments LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at about $4,854,000. Forsta AP Fonden lifted its holdings in shares of Eversource Energy by 118.5% during the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after purchasing an additional 132,300 shares in the last quarter. John G Ullman & Associates Inc. grew its position 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 period. Finally, National Pension Service grew its position in shares of Eversource Energy by 5.1% in the 4th quarter. National Pension Service now owns 573,073 shares of the utilities provider’s stock valued at $38,585,000 after purchasing an additional 27,798 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Up 1.5%

ES stock opened at $71.24 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The stock has a market capitalization of $26.84 billion, a P/E ratio of 18.46, a P/E/G ratio of 5.18 and a beta of 0.70. The business has a 50-day moving average of $72.75 and a 200-day moving average of $71.02. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $0.96 earnings per share. Eversource Energy’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, sell-side analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ES has been the subject of a number of research reports. BMO Capital Markets lowered their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Citigroup restated a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Four 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. According to MarketBeat, Eversource Energy has an average rating of “Hold” and an average price target of $72.92.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was 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 owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This represents a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Eversource Energy Company 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.