Eversource Energy $ES Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in Eversource Energy (NYSE:ES) by 34.3% in the first quarter, Holdings Channel reports. The firm owned 64,188 shares of the utilities provider’s stock after buying an additional 16,387 shares during the period. Janus Henderson Group PLC’s holdings in Eversource Energy were worth $4,447,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Eversource Energy by 1.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after acquiring an additional 140 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Eversource Energy by 1.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after acquiring an additional 142 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Eversource Energy by 1.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after acquiring an additional 160 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Eversource Energy by 1.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock valued at $975,000 after purchasing an additional 162 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Eversource Energy by 4.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 169 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on 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 approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ES shares. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. BMO Capital Markets dropped their price objective on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Capital One Financial set a $73.00 target price on Eversource Energy in a research report on Wednesday, July 1st. Mizuho raised their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.92.

Eversource Energy Trading Down 0.6%

NYSE ES opened at $72.03 on Friday. The company has a market capitalization of $27.13 billion, a PE ratio of 18.66, a P/E/G ratio of 5.34 and a beta of 0.70. The company has a fifty day moving average of $72.05 and a 200 day moving average of $70.85. Eversource Energy has a 1 year low of $61.53 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 0.59.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts forecast that Eversource Energy will post 4.64 earnings per share for the current year.

About Eversource Energy

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.