Quantitative Investment Management LLC Invests $1.12 Million in Eversource Energy $ES

Quantitative Investment Management LLC acquired a new position in shares of Eversource Energy (NYSE:ES) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,443 shares of the utilities provider’s stock, valued at approximately $1,116,000.

Other institutional investors have also added to or reduced their stakes in the company. Man Group plc bought a new stake in Eversource Energy during the second quarter worth about $57,166,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Eversource Energy during the fourth quarter valued at approximately $1,158,000. F m Investments LLC bought a new position in Eversource Energy in the fourth quarter valued at approximately $4,854,000. Forsta AP Fonden grew its stake in Eversource Energy by 118.5% in the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after purchasing an additional 132,300 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Eversource Energy during the 1st quarter worth approximately $2,587,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Price Performance

NYSE:ES opened at $70.44 on Wednesday. Eversource Energy has a 12-month low of $62.45 and a 12-month high of $76.57. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 5.17 and a beta of 0.70. The stock’s 50 day moving average price is $72.88 and its two-hundred day moving average price is $71.12. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets dropped their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Citigroup restated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Mizuho upped their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company increased their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.92.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were 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 in the company, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

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.