Vanguard Group Inc. Grows Stock Position in Eversource Energy $ES

Vanguard Group Inc. boosted its stake in Eversource Energy (NYSE:ES) by 1.5% in the fourth quarter, Holdings Channel reports. The fund owned 47,512,198 shares of the utilities provider’s stock after buying an additional 697,829 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of Eversource Energy worth $3,198,996,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Eversource Energy in the 3rd quarter valued at approximately $26,000. Lodestone Wealth Management LLC acquired a new position in shares of Eversource Energy in the 4th quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Eversource Energy in the 3rd quarter valued at approximately $27,000. TFC Financial Management Inc. raised its position in shares of Eversource Energy by 2,857.1% in the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 400 shares in the last quarter. Finally, Key Capital Management INC acquired a new position in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Eversource Energy

In related news, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, the insider directly owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the sale, the insider directly owned 12,339 shares in the company, valued at approximately $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 16,381 shares of company stock valued at $1,211,079. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy Stock Performance

ES stock opened at $68.60 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The firm has a market cap of $25.78 billion, a P/E ratio of 15.01, a P/E/G ratio of 4.48 and a beta of 0.76. Eversource Energy has a 12-month low of $58.03 and a 12-month high of $76.41. The stock’s 50 day simple moving average is $70.92 and its 200 day simple moving average is $70.07.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts predict that Eversource Energy will post 4.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America reaffirmed a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd. BMO Capital Markets cut their target price on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday. Wells Fargo & Company cut their target price on Eversource Energy from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. upped their target price on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $71.80.

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.