Danske Bank A S Purchases 33,294 Shares of Eversource Energy $ES

Danske Bank A S raised its position in shares of Eversource Energy (NYSE:ES) by 10.1% during the fourth quarter, HoldingsChannel reports. The fund owned 361,920 shares of the utilities provider’s stock after acquiring an additional 33,294 shares during the quarter. Danske Bank A S’s holdings in Eversource Energy were worth $24,368,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ES. Empowered Funds LLC increased its position in Eversource Energy by 8.9% during the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after acquiring an additional 1,319 shares during the last quarter. Woodline Partners LP increased its position in 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 acquiring an additional 8,984 shares during the last quarter. Acadian Asset Management LLC increased its position in 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 acquiring an additional 801 shares during the last quarter. Schnieders Capital Management LLC. increased its position in 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 acquiring an additional 27,332 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in 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 acquiring an additional 349 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In related news, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the sale, the executive vice president directly owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,381 shares of company stock valued at $1,211,079 over the last three months. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ES has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Eversource Energy from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. boosted their target price on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Scotiabank lowered their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Tuesday, April 21st. Mizuho lowered their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, BMO Capital Markets lowered their target price on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $71.80.

Eversource Energy Stock Up 0.6%

NYSE:ES opened at $71.15 on Friday. Eversource Energy has a 1-year low of $58.03 and a 1-year high of $76.41. The company has a 50-day moving average of $70.80 and a 200 day moving average of $70.06. The firm has a market cap of $26.74 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 4.64 and a beta of 0.74. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, research analysts anticipate that Eversource Energy will post 4.72 EPS for the current fiscal year.

Eversource Energy Company 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.