Presima Securities ULC Increases Stake in Eversource Energy $ES

Presima Securities ULC raised its stake in shares of Eversource Energy (NYSE:ES) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,189 shares of the utilities provider’s stock after buying an additional 259 shares during the quarter. Presima Securities ULC’s holdings in Eversource Energy were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Pinney & Scofield Inc. purchased a new stake in Eversource Energy during the 4th quarter valued at approximately $33,000. Rossby Financial LCC purchased a new stake in Eversource Energy during the 1st quarter valued at approximately $34,000. CoreCap Advisors LLC grew its holdings in Eversource Energy by 168.7% during the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider’s stock valued at $35,000 after buying an additional 383 shares in the last quarter. First Financial Corp IN grew its holdings in Eversource Energy by 3,529.4% during the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider’s stock valued at $38,000 after buying an additional 600 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in Eversource Energy during the 1st quarter valued at approximately $46,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Mizuho raised their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Finally, Bank of America raised their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average target price of $64.38.

Insider Transactions at Eversource Energy

In related news, insider Loretta D. Keane purchased 3,780 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the transaction, the insider directly owned 12,033 shares in the company, valued at $795,020.31. This represents a 45.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Up 0.1%

Shares of ES opened at $63.49 on Friday. The company has a market cap of $23.56 billion, a PE ratio of 27.25, a P/E/G ratio of 2.39 and a beta of 0.64. The business has a fifty day moving average of $65.15 and a 200 day moving average of $62.69. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $68.73. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.Eversource Energy’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.