Vise Technologies Inc. Acquires New Holdings in Eversource Energy $ES

Vise Technologies Inc. bought a new stake in Eversource Energy (NYSE:ES) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,614 shares of the utilities provider’s stock, valued at approximately $1,345,000.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased 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 valued at $3,198,996,000 after acquiring an additional 697,829 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Eversource Energy in the 2nd quarter worth approximately $3,086,413,000. State Street Corp lifted its holdings in shares of Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after acquiring an additional 1,265,802 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 worth $646,233,000 after purchasing an additional 194,781 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of 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 worth $642,747,000 after purchasing an additional 3,645,555 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ES shares. Citigroup reiterated a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. BMO Capital Markets lowered their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company boosted their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Four investment 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. According to data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus price target of $72.92.

Insider Buying and Selling

In other Eversource Energy 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 transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Eversource Energy Trading Down 2.6%

NYSE ES opened at $70.25 on Friday. The firm has a 50 day simple moving average of $72.71 and a 200-day simple moving average of $70.98. 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 one year low of $61.53 and a one year high of $76.57. The firm has a market cap of $26.46 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 5.18 and a beta of 0.70.

Eversource Energy (NYSE:ES) last announced 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 for 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 firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts anticipate that Eversource Energy will post 4.64 EPS for the current fiscal 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.