Eversource Energy $ES Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in Eversource Energy (NYSE:ES) by 6,017.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,782,250 shares of the utilities provider’s stock after acquiring an additional 60,772,317 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Eversource Energy worth $4,465,003,000 as of its most recent SEC filing.

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

Eversource Energy Price Performance

ES stock opened at $70.38 on Thursday. 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 one year low of $62.89 and a one year high of $76.57. The firm has a market capitalization of $26.51 billion, a PE ratio of 18.23, a P/E/G ratio of 3.10 and a beta of 0.69. The firm has a 50-day moving average of $72.69 and a two-hundred day moving average of $71.05.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate 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 net margin of 10.35% and a return on equity of 11.33%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts forecast that Eversource Energy will post 4.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ES shares. Citigroup restated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Wells Fargo & Company raised 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 decreased their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Finally, Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Four 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’s stock. According to data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.