Landscape Capital Management L.L.C. Buys Shares of 13,857 Eversource Energy $ES

Landscape Capital Management L.L.C. bought a new position in Eversource Energy (NYSE:ES) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 13,857 shares of the utilities provider’s stock, valued at approximately $1,001,000.

Several other large investors also recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its holdings 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 worth $25,000 after buying an additional 240 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Eversource Energy during the second quarter valued at approximately $26,000. Activest Wealth Management increased its holdings in Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after buying an additional 374 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Eversource Energy in the fourth quarter worth approximately $28,000. Finally, Godfrey Financial Associates Inc. bought a new position in Eversource Energy in the fourth quarter worth approximately $29,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES stock opened at $70.25 on Monday. Eversource Energy has a 12 month low of $61.53 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. The company has a 50-day moving average price of $72.71 and a 200 day moving average price of $71.00. The stock has a market cap of $26.46 billion, a PE ratio of 18.20, a P/E/G ratio of 5.18 and a beta of 0.70.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data 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 during 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%.Eversource Energy’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current year.

Insider Activity

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the subject of several recent research reports. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Mizuho boosted their price objective on 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 decreased their target price 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. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Finally, Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Four 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.92.

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.