Danske Bank A S Buys Shares of 395,466 Eversource Energy $ES

Danske Bank A S purchased a new stake in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 395,466 shares of the utilities provider’s stock, valued at approximately $28,580,000. Danske Bank A S owned about 0.10% of Eversource Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Empowered Funds LLC lifted its position in Eversource Energy by 8.9% during the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after acquiring an additional 1,319 shares during the last quarter. Woodline Partners LP boosted its stake in Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after acquiring an additional 8,984 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Eversource Energy by 115.1% in the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 801 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in Eversource Energy by 87.9% in the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after purchasing an additional 27,332 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Eversource Energy by 4.6% during the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 349 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Trading Down 0.3%

NYSE:ES opened at $72.01 on Thursday. The company has a market capitalization of $27.12 billion, a P/E ratio of 18.65, a PEG ratio of 5.33 and a beta of 0.70. 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 12 month low of $61.53 and a 12 month high of $76.57. The firm has a fifty day simple moving average of $72.60 and a 200-day simple moving average of $70.96.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results 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 analysts’ expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current year.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy 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 completion of the sale, the vice president owned 56,179 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. BMO Capital Markets decreased their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Citigroup restated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Bank of America reaffirmed a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd. Mizuho increased their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.92.

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.