1,096,271 Shares in Eversource Energy $ES Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in shares of Eversource Energy (NYSE:ES) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,096,271 shares of the utilities provider’s stock, valued at approximately $79,228,000.

Other hedge funds have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC increased its holdings in shares of Eversource Energy by 220.2% during the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 240 shares in the last quarter. Activest Wealth Management boosted its stake in 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 in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Eversource Energy in the 2nd quarter worth about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in Eversource Energy during the 4th quarter valued at about $28,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Eversource Energy during the 4th quarter valued at about $29,000. 79.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ES shares. Citigroup reaffirmed a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. BMO Capital Markets cut their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Finally, Mizuho upped their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Four equities 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 a consensus price target of $72.92.

Insider Transactions at Eversource Energy

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 value of $489,160.00. Following the sale, the vice president owned 56,179 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $71.78 on Thursday. Eversource Energy has a fifty-two week low of $62.45 and a fifty-two week high of $76.57. The business has a 50-day simple moving average of $72.83 and a two-hundred day simple moving average of $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. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 5.24 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 analysts’ consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm posted $0.96 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts expect that Eversource Energy will post 4.64 earnings per share for the current year.

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.