Quantitative Investment Management LLC Acquires Shares of 15,443 Eversource Energy $ES

Quantitative Investment Management LLC acquired a new position in shares of Eversource Energy (NYSE:ES) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,443 shares of the utilities provider’s stock, valued at approximately $1,116,000.

A number of other institutional investors also recently modified their holdings of the business. Elevation Wealth Partners LLC grew its stake in shares of Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 240 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Eversource Energy during the 2nd quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Eversource Energy during the 4th quarter worth approximately $28,000. Godfrey Financial Associates Inc. bought a new position in shares of Eversource Energy during the fourth quarter worth approximately $29,000. Finally, First Bancorp Inc ME acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $30,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ES. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. BMO Capital Markets reduced their target price 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. Wells Fargo & Company raised their price target on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, Capital One Financial set a $73.00 price target on Eversource Energy in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Trading Up 0.4%

Shares of ES opened at $70.44 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a 52-week low of $62.45 and a 52-week high of $76.57. The firm has a market cap of $26.53 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 5.17 and a beta of 0.70. The business’s fifty day moving average is $72.88 and its 200-day moving average is $71.12.

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

Insider Buying and Selling

In other news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

About Eversource Energy

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.