Eversource Energy $ES Shares Purchased by Saudi Central Bank

Saudi Central Bank raised its position in Eversource Energy (NYSE:ES) by 90.0% in the second quarter, Holdings Channel reports. The fund owned 26,309 shares of the utilities provider’s stock after buying an additional 12,460 shares during the period. Saudi Central Bank’s holdings in Eversource Energy were worth $1,901,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Advisory Solutions Group LLC acquired a new stake in shares of Eversource Energy in the 2nd quarter valued at $477,000. Compass Financial Management LLC acquired a new position in shares of Eversource Energy during the second quarter worth $379,000. Markowski Investments purchased a new position in Eversource Energy in the second quarter valued at $63,000. Turner Financial Group Inc. purchased a new position in Eversource Energy in the second quarter valued at $217,000. Finally, Timbuktu Capital Management LLC acquired a new stake in Eversource Energy in the second quarter valued at $59,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ES shares. Mizuho lifted their price target on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. BMO Capital Markets cut their target price 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 upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Eversource Energy has an average rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Stock Down 0.1%

Eversource Energy stock opened at $71.00 on Tuesday. The company has a market capitalization of $26.74 billion, a P/E ratio of 18.39, a PEG ratio of 3.08 and a beta of 0.69. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a fifty-two week low of $62.45 and a fifty-two week high of $76.57. The stock has a 50-day simple moving average of $72.74 and a 200-day simple moving average of $71.08.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.

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.