NEOS Investment Management LLC Buys 7,424 Shares of Eversource Energy $ES

NEOS Investment Management LLC increased its stake in shares of Eversource Energy (NYSE:ES) by 13.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 61,180 shares of the utilities provider’s stock after purchasing an additional 7,424 shares during the period. NEOS Investment Management LLC’s holdings in Eversource Energy were worth $4,421,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ES. Man Group plc purchased a new stake in Eversource Energy in the 2nd quarter worth approximately $57,166,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Eversource Energy during the 4th quarter valued at $1,158,000. F m Investments LLC purchased a new position in shares of Eversource Energy during the 4th quarter valued at $4,854,000. Forsta AP Fonden increased its holdings in shares of Eversource Energy by 118.5% in the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock worth $16,422,000 after purchasing an additional 132,300 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of Eversource Energy in the first quarter worth $2,587,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.1%

NYSE:ES opened at $71.00 on Monday. The company has a fifty day moving average of $72.80 and a 200 day moving average of $71.09. Eversource Energy has a 52 week low of $62.45 and a 52 week high of $76.57. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $26.74 billion, a P/E ratio of 18.39, a P/E/G ratio of 3.08 and a beta of 0.69.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts predict that Eversource Energy will post 4.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ES shares. Mizuho boosted their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wells Fargo & Company raised 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. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Capital One Financial set a $73.00 price objective on Eversource Energy in a report on Wednesday, July 1st. Finally, BMO Capital Markets decreased their price objective on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.92.

About Eversource Energy

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.