Renaissance Technologies LLC Acquires Shares of 29,180 Eversource Energy $ES

Renaissance Technologies LLC bought a new position in shares of Eversource Energy (NYSE:ES) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 29,180 shares of the utilities provider’s stock, valued at approximately $2,022,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Eversource Energy during the 4th quarter valued at approximately $324,032,000. Northwestern Mutual Wealth Management Co. lifted its stake in Eversource Energy by 23,707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after purchasing an additional 4,630,216 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after purchasing an additional 3,645,555 shares during the period. Deutsche Bank AG boosted its holdings in Eversource Energy by 78.1% in the fourth quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock worth $359,676,000 after purchasing an additional 2,341,912 shares during the period. Finally, Cohen & Steers Inc. bought a new stake in Eversource Energy during the fourth quarter valued at $104,848,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 7,000 shares of the business’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 sale, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ES shares. Citigroup restated a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Bank of America reiterated a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Finally, Scotiabank cut their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.92.

Eversource Energy Price Performance

Shares of NYSE ES opened at $71.11 on Wednesday. The stock has a market cap of $26.79 billion, a P/E ratio of 18.42, a P/E/G ratio of 5.25 and a beta of 0.70. The firm’s 50-day simple moving average is $72.27 and its 200 day simple moving average is $70.87. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

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

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.