Van ECK Associates Corp Has $12.30 Million Holdings in Eversource Energy $ES

Van ECK Associates Corp grew its position in shares of Eversource Energy (NYSE:ES) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,234 shares of the utilities provider’s stock after buying an additional 18,294 shares during the quarter. Van ECK Associates Corp’s holdings in Eversource Energy were worth $12,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Eversource Energy in the second quarter valued at $3,086,413,000. Legal & General Group Plc bought a new position in shares of Eversource Energy in the second quarter valued at about $359,215,000. Norges Bank acquired a new position in Eversource Energy during the 4th quarter worth about $324,032,000. Northwestern Mutual Wealth Management Co. lifted its position in Eversource Energy by 23,707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after buying an additional 4,630,216 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Eversource Energy during the 2nd quarter worth about $311,548,000. 79.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ES. Mizuho boosted their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. 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. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Wells Fargo & Company boosted their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, BMO Capital Markets reduced their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average price target of $72.92.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Eversource Energy Price Performance

Shares of ES stock opened at $70.30 on Tuesday. The firm 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 quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The stock has a 50-day moving average price of $72.89 and a 200 day moving average price of $71.12.

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

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.