Renaissance Technologies LLC Makes New $2.02 Million Investment in Eversource Energy $ES

Renaissance Technologies LLC purchased a new stake in Eversource Energy (NYSE:ES) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 29,180 shares of the utilities provider’s stock, valued at approximately $2,022,000.

Other large investors also recently made changes to their positions in the company. Activest Wealth Management grew its stake in shares of Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the last quarter. TFC Financial Management Inc. lifted its stake in Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 400 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Eversource Energy during the fourth quarter worth approximately $28,000. Key Capital Management INC bought a new stake in Eversource Energy during the fourth quarter worth approximately $29,000. Finally, Godfrey Financial Associates Inc. acquired a new position in Eversource Energy in the fourth quarter worth approximately $29,000. Institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president 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 is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Bank of America reiterated a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Capital One Financial set a $73.00 target price on Eversource Energy in a report on Wednesday, July 1st. BMO Capital Markets dropped their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded 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 given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Stock Performance

Shares of ES stock opened at $71.11 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57. The stock’s 50-day moving average is $72.27 and its two-hundred day moving average is $70.87. The firm has a market cap of $26.79 billion, a P/E ratio of 18.42, a PEG ratio of 5.25 and a beta of 0.70.

Eversource Energy (NYSE:ES) last announced 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. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts predict that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

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.