Deutsche Bank AG Invests $311.55 Million in Eversource Energy $ES

Deutsche Bank AG bought a new stake in shares of Eversource Energy (NYSE:ES) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,310,891 shares of the utilities provider’s stock, valued at approximately $311,548,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in shares of Eversource Energy in the 2nd quarter valued at approximately $478,000. Trust Co. of Vermont bought a new stake in Eversource Energy in the 2nd quarter valued at $122,000. Principle Wealth Partners LLC acquired a new position in shares of Eversource Energy during the second quarter worth about $886,000. Focused Wealth Management Inc acquired a new position in Eversource Energy during the 2nd quarter worth approximately $208,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Eversource Energy during the second quarter worth $70,994,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.5%

Shares of NYSE ES opened at $72.00 on Tuesday. The stock has a market cap of $27.12 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The firm has a 50 day moving average price of $72.49 and a two-hundred day moving average price of $70.92. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business earned $0.96 EPS. The business’s quarterly revenue 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. As a group, equities analysts forecast that Eversource Energy will post 4.64 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ES. Capital One Financial set a $73.00 price target on Eversource Energy in a research report on Wednesday, July 1st. BMO Capital Markets reduced their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Bank of America restated a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd. Finally, Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $72.92.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the company’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 sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

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.