Korea Investment CORP Invests $24.07 Million in Eversource Energy $ES

Korea Investment CORP purchased a new position in Eversource Energy (NYSE:ES) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 333,002 shares of the utilities provider’s stock, valued at approximately $24,066,000. Korea Investment CORP owned about 0.09% of Eversource Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ES. Elevation Wealth Partners LLC raised its position in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 240 shares during the period. Activest Wealth Management grew its position in shares of Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 374 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Eversource Energy during the 2nd quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Eversource Energy during the 4th quarter worth approximately $28,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Eversource Energy during the 4th quarter worth approximately $29,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ES shares. Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company raised their target price on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. Mizuho upped their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, BMO Capital Markets cut their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $72.92.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction 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 sale, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

Eversource Energy Stock Performance

NYSE ES opened at $70.25 on Monday. The company’s 50 day moving average is $72.71 and its 200-day moving average is $71.00. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.57. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The firm has a market cap of $26.46 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 5.18 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 EPS for the quarter, meeting 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%. Eversource Energy’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts predict that Eversource Energy will post 4.64 earnings per share for the current 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.