Public Employees Retirement System of Ohio Takes Position in Eversource Energy $ES

Public Employees Retirement System of Ohio purchased a new position in shares of Eversource Energy (NYSE:ES) during the second quarter, Holdings Channel reports. The firm purchased 113,134 shares of the utilities provider’s stock, valued at approximately $8,176,000.

Several other institutional investors also recently added to or reduced their stakes in ES. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Eversource Energy by 1.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock valued at $999,000 after acquiring an additional 140 shares during the period. CX Institutional raised its position in Eversource Energy by 4.3% in the 2nd quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 144 shares during the last quarter. Bank & Trust Co raised its position in Eversource Energy by 2.0% in the 2nd quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 149 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Eversource Energy by 1.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock worth $807,000 after purchasing an additional 160 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in Eversource Energy by 1.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock worth $975,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of recent research reports. Mizuho lifted their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Citigroup reiterated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company upped 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 investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $72.92.

Eversource Energy Price Performance

ES stock opened at $70.30 on Tuesday. The firm has a 50 day moving average of $72.89 and a 200-day moving average of $71.12. The company has a market cap of $26.48 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 5.22 and a beta of 0.70. Eversource Energy has a 12-month low of $62.45 and a 12-month high of $76.57. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

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

Insider Transactions at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction on 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 sale, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.