Landscape Capital Management L.L.C. Invests $1 Million in Eversource Energy $ES

Landscape Capital Management L.L.C. bought a new position in Eversource Energy (NYSE:ES) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,857 shares of the utilities provider’s stock, valued at approximately $1,001,000.

A number of other hedge funds also recently modified their holdings of ES. Korea Investment CORP bought a new position in Eversource Energy during the 2nd quarter worth $24,066,000. EP Wealth Advisors LLC acquired a new position in Eversource Energy in the second quarter valued at $2,090,000. Pinnacle West Asset Management Inc. bought a new stake in Eversource Energy during the second quarter valued at $206,000. Ieq Capital LLC bought a new stake in Eversource Energy during the second quarter valued at $43,030,000. Finally, Sterling Financial Planning Inc. acquired a new stake in Eversource Energy during the 2nd quarter worth about $249,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company’s 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 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 at this hyperlink. 0.18% of the stock is owned by insiders.

Eversource Energy Trading Up 0.1%

NYSE:ES opened at $70.25 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $26.46 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.57. The firm’s 50 day moving average is $72.71 and its 200 day moving average is $71.00.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’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. Sell-side analysts expect that Eversource Energy will post 4.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ES. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. BMO Capital Markets cut 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 research report on Wednesday, July 22nd. Finally, Mizuho increased their price target on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Four equities research 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. According to data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and an average target price of $72.92.

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.