Eversource Energy $ES Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in Eversource Energy (NYSE:ES) by 35.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,756 shares of the utilities provider’s stock after selling 10,487 shares during the period. Pacer Advisors Inc.’s holdings in Eversource Energy were worth $1,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ES. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in 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 worth $999,000 after purchasing an additional 140 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Eversource Energy by 1.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after buying an additional 142 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Eversource Energy by 1.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after buying an additional 160 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of 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 worth $975,000 after buying an additional 162 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Eversource Energy by 4.9% during the third quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock worth $259,000 after buying an additional 169 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred on 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. The trade was a 11.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Eversource Energy Trading Up 0.5%

ES opened at $72.42 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.59 and a current ratio of 0.80. Eversource Energy has a one year low of $61.53 and a one year high of $76.57. The company has a market cap of $27.28 billion, a P/E ratio of 18.76, a PEG ratio of 5.33 and a beta of 0.70. The business’s 50-day simple moving average is $72.13 and its 200-day simple moving average is $70.86.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ES. Scotiabank reduced their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. BMO Capital Markets dropped 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. Mizuho raised their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Eversource Energy has a consensus 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.