Csenge Advisory Group Invests $703,000 in Eversource Energy $ES

Csenge Advisory Group acquired a new stake in Eversource Energy (NYSE:ES) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,724 shares of the utilities provider’s stock, valued at approximately $703,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Eversource Energy in the 2nd quarter valued at about $3,086,413,000. Norges Bank acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $324,032,000. Northwestern Mutual Wealth Management Co. boosted 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 during the last quarter. Deutsche Bank AG purchased a new stake in shares of Eversource Energy during the second quarter worth about $311,548,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Eversource Energy by 61.8% during the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after buying an additional 3,645,555 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the business’s 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 of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ES shares. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research note on Wednesday, July 1st. Citigroup reissued a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a research note on Monday, July 27th. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Wells Fargo & Company lifted their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Finally, Bank of America reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $72.92.

Eversource Energy Price Performance

ES opened at $72.01 on Thursday. The company’s 50 day simple moving average is $72.60 and its 200 day simple moving average is $70.96. 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 has a 1 year low of $61.53 and a 1 year high of $76.57. The stock has a market capitalization of $27.12 billion, a PE ratio of 18.65, a P/E/G ratio of 5.33 and a beta of 0.70.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. The firm 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%. Eversource Energy’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts expect that Eversource Energy will post 4.64 EPS for the current year.

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.