Hsbc Holdings PLC Purchases New Holdings in Eversource Energy $ES

Hsbc Holdings PLC acquired a new position in shares of Eversource Energy (NYSE:ES) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,759,955 shares of the utilities provider’s stock, valued at approximately $272,105,000. Hsbc Holdings PLC owned 1.00% of Eversource Energy at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ES. Vanguard Group Inc. raised its stake in Eversource Energy by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock valued at $3,198,996,000 after purchasing an additional 697,829 shares in the last quarter. BlackRock Inc. bought a new position in Eversource Energy in the 2nd quarter valued at about $3,086,413,000. State Street Corp raised its position in shares of Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock valued at $1,886,119,000 after buying an additional 1,265,802 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Eversource Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after buying an additional 194,781 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after acquiring an additional 3,645,555 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Performance

Eversource Energy stock opened at $71.07 on Wednesday. The business has a 50 day moving average of $72.77 and a 200-day moving average of $71.04. The company has a market capitalization of $26.77 billion, a P/E ratio of 18.41, a P/E/G ratio of 5.25 and a beta of 0.70. Eversource Energy has a 1 year low of $62.45 and a 1 year high of $76.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74.

Eversource Energy (NYSE:ES) last posted its 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. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts predict that Eversource Energy will post 4.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ES. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Mizuho raised their target price on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. 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 report on Wednesday, July 22nd. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Citigroup reiterated a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.92.

Insider Buying and Selling at Eversource Energy

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

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.