UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $478.46 Million Position in Eversource Energy $ES

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Eversource Energy (NYSE:ES) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,620,413 shares of the utilities provider’s stock after purchasing an additional 88,163 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.76% of Eversource Energy worth $478,457,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ES. Elevation Wealth Partners LLC boosted its holdings in shares of 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 buying an additional 240 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Eversource Energy during the second quarter worth $26,000. First Bancorp Inc ME acquired a new stake in shares of Eversource Energy during the second quarter worth $30,000. Garton & Associates Financial Advisors LLC bought a new stake in Eversource Energy in the 4th quarter valued at $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Eversource Energy in the 4th quarter valued at $29,000. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was 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 in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ES. BMO Capital Markets reduced their target price on shares of 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. Wells Fargo & Company boosted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Capital One Financial set a $73.00 price objective on Eversource Energy in a report on Wednesday, July 1st. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.92.

Eversource Energy Price Performance

Shares of ES stock opened at $70.84 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. Eversource Energy has a 1 year low of $62.45 and a 1 year high of $76.57. The firm’s fifty day moving average price is $72.88 and its two-hundred day moving average price is $71.11. The firm has a market capitalization of $26.68 billion, a P/E ratio of 18.35, a PEG ratio of 5.22 and a beta of 0.70.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting 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 net margin of 10.35% and a return on equity of 11.33%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

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.