Osmosis Investment Management UK Ltd Buys Shares of 108,643 Eversource Energy $ES

Osmosis Investment Management UK Ltd purchased a new position in shares of Eversource Energy (NYSE:ES) in the second quarter, HoldingsChannel reports. The fund purchased 108,643 shares of the utilities provider’s stock, valued at approximately $7,852,000.

Several other hedge funds also recently made changes to their positions in ES. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Eversource Energy by 1.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after purchasing an additional 140 shares in the last quarter. CX Institutional grew its position in Eversource Energy by 4.3% in the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 144 shares in the last quarter. Bank & Trust Co increased its stake in Eversource Energy by 2.0% in the 2nd quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after buying an additional 149 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Eversource Energy by 1.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after buying an additional 160 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Eversource Energy by 1.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock worth $975,000 after buying an additional 162 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on 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 transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ES. Mizuho upped their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Wells Fargo & Company upped their price objective on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. BMO Capital Markets cut 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. Finally, Citigroup reissued a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Stock Up 0.1%

Shares of ES stock opened at $70.25 on Monday. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The stock 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. The firm’s 50-day moving average is $72.71 and its 200-day moving average is $71.00. 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 (NYSE:ES) last posted 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 business 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%.Eversource Energy’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts predict that Eversource Energy will post 4.64 EPS 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.