UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 88,163 Shares of Eversource Energy $ES

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Eversource Energy (NYSE:ES) by 1.3% in the second quarter, HoldingsChannel.com reports. The fund owned 6,620,413 shares of the utilities provider’s stock after purchasing an additional 88,163 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Eversource Energy were worth $478,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of ES. New Mexico Educational Retirement Board increased its stake in shares of Eversource Energy by 8.1% during the 2nd quarter. New Mexico Educational Retirement Board now owns 18,616 shares of the utilities provider’s stock worth $1,345,000 after purchasing an additional 1,400 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in Eversource Energy by 9.1% in the 2nd quarter. Mufg Securities Americas Inc. now owns 11,328 shares of the utilities provider’s stock valued at $819,000 after purchasing an additional 946 shares during the last quarter. Van ECK Associates Corp lifted its stake in Eversource Energy by 12.0% in the 2nd quarter. Van ECK Associates Corp now owns 170,234 shares of the utilities provider’s stock valued at $12,303,000 after purchasing an additional 18,294 shares during the last quarter. Nissay Asset Management Corp Japan grew its holdings in Eversource Energy by 3.4% during the second quarter. Nissay Asset Management Corp Japan now owns 52,864 shares of the utilities provider’s stock worth $3,820,000 after purchasing an additional 1,749 shares during the period. Finally, Navellier & Associates Inc. grew its holdings in Eversource Energy by 34.3% during the second quarter. Navellier & Associates Inc. now owns 15,474 shares of the utilities provider’s stock worth $1,118,000 after purchasing an additional 3,950 shares during the period. Institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Eversource Energy Price Performance

Shares of ES opened at $70.84 on Monday. Eversource Energy has a 52 week low of $62.45 and a 52 week high of $76.57. The firm has a market cap of $26.68 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 5.22 and a beta of 0.70. The firm’s 50-day simple moving average is $72.88 and its 200 day simple moving average is $71.11. 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 issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $0.96 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Eversource Energy will post 4.64 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Capital One Financial set a $73.00 price objective on Eversource Energy in a research note on Wednesday, July 1st. Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. BMO Capital Markets decreased their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Mizuho increased their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.