Eversource Energy $ES Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lessened its holdings in shares of Eversource Energy (NYSE:ES) by 27.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 44,587 shares of the utilities provider’s stock after selling 16,890 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Eversource Energy were worth $3,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Norges Bank bought a new position in Eversource Energy in the fourth quarter worth about $324,032,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Eversource Energy by 23,707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock valued at $313,067,000 after purchasing an additional 4,630,216 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Eversource Energy by 61.8% during the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after purchasing an additional 3,645,555 shares during the last quarter. Deutsche Bank AG raised its position in shares of Eversource Energy by 78.1% during the 4th quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock worth $359,676,000 after purchasing an additional 2,341,912 shares during the period. Finally, Cohen & Steers Inc. acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $104,848,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ES shares. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Wells Fargo & Company upped their price objective on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Mizuho increased their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Citigroup reissued a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $72.42 on Monday. The firm’s 50 day moving average is $72.13 and its two-hundred day moving average is $70.87. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.57. The firm has a market capitalization of $27.28 billion, a P/E ratio of 18.76, a PEG ratio of 5.33 and a beta of 0.70. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion for 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 business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current year.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the sale, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.