OMERS ADMINISTRATION Corp Invests $1.33 Million in Eversource Energy $ES

OMERS ADMINISTRATION Corp acquired a new position in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,440 shares of the utilities provider’s stock, valued at approximately $1,333,000.

A number of other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its stake in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 240 shares in the last quarter. Activest Wealth Management raised its stake 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 worth $26,000 after purchasing an additional 374 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Eversource Energy during the 2nd quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Eversource Energy during the 4th quarter valued at about $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ES shares. Citigroup restated a “hold” rating and issued a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research report on Wednesday, July 1st. Wells Fargo & Company increased their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Mizuho raised their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.92.

Eversource Energy Stock Up 1.1%

Shares of ES stock opened at $71.78 on Thursday. The stock’s 50 day simple moving average is $72.83 and its 200 day simple moving average is $71.06. 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 has a twelve month low of $62.45 and a twelve month high of $76.57. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 5.24 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 earnings per share for the quarter, hitting the consensus estimate of $0.87. The firm 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 company’s revenue for the quarter 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. As a group, research analysts predict that Eversource Energy will post 4.64 EPS for the current year.

Insider Activity at Eversource Energy

In other 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 value of $489,160.00. Following the completion of the sale, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.