Northern Trust Corp Has $244.65 Million Stake in Eversource Energy $ES

Northern Trust Corp grew its stake in Eversource Energy (NYSE:ES) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,939,023 shares of the utilities provider’s stock after purchasing an additional 239,440 shares during the period. Northern Trust Corp owned about 1.07% of Eversource Energy worth $244,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ES. Vanguard Group Inc. lifted its stake in Eversource Energy by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider’s stock valued at $2,792,559,000 after purchasing an additional 351,780 shares during the last quarter. Magellan Asset Management Ltd grew its stake in shares of Eversource Energy by 6.2% during the first quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock worth $427,090,000 after buying an additional 401,866 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Eversource Energy by 0.5% during the first quarter. Invesco Ltd. now owns 6,036,393 shares of the utilities provider’s stock worth $374,920,000 after buying an additional 32,304 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Eversource Energy by 11.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,517,269 shares of the utilities provider’s stock valued at $316,857,000 after acquiring an additional 561,055 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Eversource Energy in the 1st quarter valued at $286,130,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Down 0.1%

NYSE ES opened at $65.6590 on Thursday. The firm has a market capitalization of $24.37 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The business’s 50-day moving average price is $64.98 and its two-hundred day moving average price is $62.36. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the company earned $0.95 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ES. Bank of America boosted their price objective on Eversource Energy from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Mizuho boosted their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Wall Street Zen raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, BMO Capital Markets raised their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the company a “market perform” rating in a report on Monday, April 28th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $65.56.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.