Cibc World Market Inc. Makes New Investment in Eversource Energy $ES

Cibc World Market Inc. purchased a new position in shares of Eversource Energy (NYSE:ES) in the second quarter, HoldingsChannel reports. The institutional investor purchased 15,253 shares of the utilities provider’s stock, valued at approximately $1,102,000.

Several other hedge funds also recently modified their holdings of ES. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $1,158,000. F m Investments LLC bought a new stake in shares of Eversource Energy in the fourth quarter valued at about $4,854,000. Forsta AP Fonden grew its position in Eversource Energy by 118.5% during the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock worth $16,422,000 after buying an additional 132,300 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Eversource Energy during the first quarter worth about $2,587,000. Finally, National Pension Service increased its stake in Eversource Energy by 5.1% during the fourth quarter. National Pension Service now owns 573,073 shares of the utilities provider’s stock valued at $38,585,000 after acquiring an additional 27,798 shares during the period. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Eversource Energy Trading Down 1.1%

Shares of ES opened at $70.86 on Friday. Eversource Energy has a 1 year low of $62.45 and a 1 year high of $76.57. 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 50 day simple moving average of $72.86 and a 200-day simple moving average of $71.09. The stock has a market cap of $26.69 billion, a PE ratio of 18.36, a PEG ratio of 5.29 and a beta of 0.70.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.Eversource Energy’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ES. Capital One Financial set a $73.00 price target on Eversource Energy in a report on Wednesday, July 1st. Citigroup reissued a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Wells Fargo & Company raised 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. Finally, BMO Capital Markets decreased their target price 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.