Nykredit A S Purchases New Position in Eversource Energy $ES

Nykredit A S acquired a new stake in Eversource Energy (NYSE:ES) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 112,879 shares of the utilities provider’s stock, valued at approximately $8,158,000.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ES shares. Mizuho upped their target price 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. BMO Capital Markets dropped their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Citigroup reiterated a “hold” rating and issued a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research report on Wednesday, July 1st. Finally, Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Stock Performance

Shares of ES opened at $71.00 on Friday. The business’s 50 day moving average is $72.80 and its two-hundred day moving average is $71.11. 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 $26.74 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.08 and a beta of 0.69. 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 earnings per share for the quarter, hitting analysts’ consensus estimates 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 net margin of 10.35% and a return on equity of 11.33%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts forecast 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.