Eversource Energy $ES Shares Sold by Vident Advisory LLC

Vident Advisory LLC cut its holdings in Eversource Energy (NYSE:ES) by 53.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,094 shares of the utilities provider’s stock after selling 18,803 shares during the quarter. Vident Advisory LLC’s holdings in Eversource Energy were worth $1,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ES. Aptus Capital Advisors LLC increased its holdings in Eversource Energy by 6.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 6,739 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 404 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Eversource Energy by 7.4% during the fourth quarter. Ameriprise Financial Inc. now owns 130,525 shares of the utilities provider’s stock worth $7,494,000 after purchasing an additional 8,995 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Eversource Energy by 59.1% during the 4th quarter. BNP Paribas Financial Markets now owns 951,381 shares of the utilities provider’s stock worth $54,638,000 after purchasing an additional 353,278 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Eversource Energy by 12.3% in the 4th quarter. Benjamin Edwards Inc. now owns 17,923 shares of the utilities provider’s stock valued at $1,029,000 after buying an additional 1,969 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Eversource Energy by 131.3% in the 4th quarter. Baird Financial Group Inc. now owns 52,321 shares of the utilities provider’s stock worth $3,005,000 after buying an additional 29,702 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 0.6%

Shares of ES opened at $63.34 on Thursday. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. The stock has a fifty day simple moving average of $65.15 and a two-hundred day simple moving average of $62.66. The company has a market capitalization of $23.51 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.41 and a beta of 0.64.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Eversource Energy’s quarterly revenue was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, equities analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Wall Street Analyst Weigh In

ES has been the topic of several research reports. Bank of America raised their target price on Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Mizuho raised their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Finally, Wall Street Zen raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.38.

Insider Activity at Eversource Energy

In other news, insider Loretta D. Keane purchased 3,780 shares of Eversource Energy stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $66.07 per share, with a total value of $249,744.60. Following the transaction, the insider owned 12,033 shares in the company, valued at $795,020.31. This represents a 45.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

Eversource Energy Profile

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.