Eversource EnergyES
Market Cap: $24.1B
About: Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). In 2024 Eversource exited its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.
Employees: 10,171
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
119% more call options, than puts
Call options by funds: $31.2M | Put options by funds: $14.3M
0.06% more ownership
Funds ownership: 81.94% [Q1] → 82.0% (+0.06%) [Q2]
0% less funds holding
Funds holding: 791 [Q1] → 789 (-2) [Q2]
2% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 90
4% less capital invested
Capital invested by funds: $17.1B [Q1] → $16.4B (-$712M) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 270 | Existing positions reduced: 305
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
B of A Securities Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 1%upside $68 | Neutral Maintained | 29 Aug 2024 |
Morgan Stanley Stephen Byrd 60% 1-year accuracy 40 / 67 met price target | 11%upside $75 | Equal-Weight Maintained | 23 Aug 2024 |
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target | 2%downside $66 | Sector Perform Maintained | 20 Aug 2024 |
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target | 4%upside $70 | Market Perform Maintained | 19 Aug 2024 |
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target | 8%upside $73 | Market Perform Maintained | 5 Aug 2024 |
Financial journalist opinion
Based on 7 articles about ES published over the past 30 days