NEOS Investment Management LLC Acquires 7,424 Shares of Eversource Energy $ES

NEOS Investment Management LLC lifted its holdings in Eversource Energy (NYSE:ES) by 13.8% during the second quarter, Holdings Channel reports. The institutional investor owned 61,180 shares of the utilities provider’s stock after acquiring an additional 7,424 shares during the quarter. NEOS Investment Management LLC’s holdings in Eversource Energy were worth $4,421,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ES. Empowered Funds LLC grew its holdings in Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares during the period. Woodline Partners LP lifted its holdings in shares of Eversource Energy by 40.8% during the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after purchasing an additional 8,984 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 801 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after purchasing an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Eversource Energy by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 349 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. Wells Fargo & Company raised their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. BMO Capital Markets lowered their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.92.

Eversource Energy Price Performance

Shares of NYSE ES opened at $71.00 on Monday. Eversource Energy has a twelve month low of $62.45 and a twelve month high of $76.57. The firm has a market cap of $26.74 billion, a P/E ratio of 18.39, a PEG ratio of 3.08 and a beta of 0.69. The company has a 50 day moving average of $72.80 and a 200 day moving average of $71.09. 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 data 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 business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts expect that Eversource Energy will post 4.65 EPS for the current fiscal 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.