1,437,437 Shares in Eversource Energy $ES Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board bought a new stake in Eversource Energy (NYSE:ES) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,437,437 shares of the utilities provider’s stock, valued at approximately $103,884,000. Eversource Energy comprises about 0.7% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 23rd biggest position. Ontario Teachers Pension Plan Board owned 0.38% of Eversource Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ES. Elevation Wealth Partners LLC lifted its stake in Eversource Energy by 220.2% during the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 240 shares during the last quarter. Activest Wealth Management increased its position in shares of Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 374 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at about $28,000. Godfrey Financial Associates Inc. purchased a new position in shares of Eversource Energy during the 4th quarter valued at about $29,000. Finally, Quest 10 Wealth Builders Inc. purchased a new position in shares of Eversource Energy during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES stock opened at $72.27 on Wednesday. The stock has a fifty day moving average of $72.55 and a 200 day moving average of $70.94. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.57. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 5.34 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

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

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction dated Thursday, June 4th. The shares were 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 of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ES shares. Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Citigroup reiterated a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Scotiabank decreased their price target on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets lowered their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $72.92.

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.