57,544 Shares in Eversource Energy $ES Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new stake in Eversource Energy (NYSE:ES) in the 2nd quarter, Holdings Channel reports. The fund acquired 57,544 shares of the utilities provider’s stock, valued at approximately $4,134,000.

Several other large investors also recently made changes to their positions in ES. Norges Bank purchased a new stake in Eversource Energy during the fourth quarter valued at about $324,032,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Eversource Energy by 23,707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after purchasing an additional 4,630,216 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after acquiring an additional 3,645,555 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Eversource Energy in the second quarter worth $224,016,000. Finally, Deutsche Bank AG raised its stake in shares of Eversource Energy by 78.1% in the 4th quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after acquiring an additional 2,341,912 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on ES shares. Scotiabank reduced their price target on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a report on Tuesday, April 21st. Bank of America reiterated a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, BMO Capital Markets cut 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 report on Wednesday, July 22nd. 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $72.92.

Eversource Energy Stock Performance

ES opened at $72.34 on Monday. The business has a fifty day simple moving average of $72.41 and a 200 day simple moving average of $70.91. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.57. The company has a market capitalization of $27.25 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70. 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 issued 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 company 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 firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts expect that Eversource Energy will post 4.64 EPS for the current 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.