Eversource Energy
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 Q3 regulatory filings by fund managers ($100M+ AUM)
110% more call options, than puts
Call options by funds: $31M | Put options by funds: $14.8M
32% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 88
20% more capital invested
Capital invested by funds: $16.7B [Q2] → $19.9B (+$3.26B) [Q3]
13% more repeat investments, than reductions
Existing positions increased: 296 | Existing positions reduced: 261
4% more funds holding
Funds holding: 796 [Q2] → 824 (+28) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]
1.25% less ownership
Funds ownership: 83.36% [Q2] → 82.12% (-1.25%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Eric Beaumont 57% 1-year accuracy 13 / 23 met price target | 16%upside $72 | Equal-Weight Maintained | 15 Oct 2024 |
BMO Capital James Thalacker 74% 1-year accuracy 55 / 74 met price target | 16%upside $72 | Market Perform Maintained | 15 Oct 2024 |
BMO Capital James Thalacker 74% 1-year accuracy 55 / 74 met price target | 20%upside $74 | Market Perform Maintained | 3 Oct 2024 |
Mizuho Paul Fremont 67% 1-year accuracy 10 / 15 met price target | 18%upside $73 | Outperform Maintained | 2 Oct 2024 |
B of A Securities Julien Dumoulin-Smith 61% 1-year accuracy 44 / 72 met price target | 10%upside $68 | Neutral Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 11 articles about ES published over the past 30 days
