78,583 Shares in Eversource Energy $ES Purchased by Westpac Banking Corp

Westpac Banking Corp acquired a new stake in Eversource Energy (NYSE:ES) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 78,583 shares of the utilities provider’s stock, valued at approximately $5,679,000.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Eversource Energy by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock worth $3,198,996,000 after purchasing an additional 697,829 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Eversource Energy in the 2nd quarter valued at $3,086,413,000. State Street Corp increased its position in shares of Eversource Energy by 4.7% during the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after purchasing an additional 1,265,802 shares in the last quarter. Geode Capital Management LLC grew its stake in Eversource Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock worth $646,233,000 after buying an additional 194,781 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after acquiring an additional 3,645,555 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

Eversource Energy stock opened at $70.25 on Friday. 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 firm has a market capitalization of $26.46 billion, a P/E ratio of 18.20, a PEG ratio of 5.32 and a beta of 0.70. The business has a 50-day moving average of $72.71 and a 200-day moving average of $70.98. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.57.

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

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 dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ES. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Mizuho increased their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research note on Wednesday, July 1st. Finally, BMO Capital Markets reduced 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 given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.92.

Eversource Energy Company 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.