Citizens Financial Group Inc. RI Takes $1.16 Million Position in Eversource Energy $ES

Citizens Financial Group Inc. RI purchased a new position in Eversource Energy (NYSE:ES) during the 2nd quarter, HoldingsChannel reports. The firm purchased 16,085 shares of the utilities provider’s stock, valued at approximately $1,162,000.

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

Eversource Energy Trading Up 0.5%

Eversource Energy stock opened at $72.27 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a market cap of $27.22 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.57. The firm’s 50 day moving average price is $72.55 and its two-hundred day moving average price is $70.94.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ES. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Wells Fargo & Company lifted their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Capital One Financial set a $73.00 price target on Eversource Energy in a research report on Wednesday, July 1st. Citigroup reissued a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a research note on Monday, July 27th. Finally, Bank of America restated a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.92.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction 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 $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

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.