Vise Technologies Inc. Makes New $1.34 Million Investment in Eversource Energy $ES

Vise Technologies Inc. bought a new stake in shares of Eversource Energy (NYSE:ES) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,614 shares of the utilities provider’s stock, valued at approximately $1,345,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ES. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Eversource Energy during the fourth quarter worth about $1,158,000. F m Investments LLC purchased a new stake in Eversource Energy during the 4th quarter valued at about $4,854,000. Forsta AP Fonden grew its stake in Eversource Energy by 118.5% during the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after acquiring an additional 132,300 shares in the last quarter. National Pension Service raised its holdings in Eversource Energy by 5.1% in the 4th quarter. National Pension Service now owns 573,073 shares of the utilities provider’s stock valued at $38,585,000 after acquiring an additional 27,798 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in Eversource Energy by 13.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider’s stock valued at $25,468,000 after acquiring an additional 40,993 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy Price Performance

Shares of ES stock opened at $70.25 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The company has a market capitalization of $26.46 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. The firm’s 50-day moving average is $72.71 and its two-hundred day moving average is $70.98. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.57.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The business 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 quarter in the prior year, the company posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts predict that Eversource Energy will post 4.64 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ES. Mizuho boosted their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Capital One Financial set a $73.00 price target on Eversource Energy in a report on Wednesday, July 1st. BMO Capital Markets reduced their price objective on 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. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Citigroup restated a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.92.

Eversource Energy Profile

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.