Csenge Advisory Group Invests $703,000 in Eversource Energy $ES

Csenge Advisory Group bought a new position in shares of Eversource Energy (NYSE:ESFree Report) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 9,724 shares of the utilities provider’s stock, valued at approximately $703,000.

Several other hedge funds have also recently bought and sold shares of ES. Tocqueville Asset Management L.P. purchased a new stake in Eversource Energy during the second quarter worth approximately $376,000. Addison Advisors LLC acquired a new stake in shares of Eversource Energy in the second quarter worth $98,000. West Family Investments Inc. purchased a new position in shares of Eversource Energy in the 2nd quarter valued at $702,000. NewEdge Wealth LLC purchased a new position in shares of Eversource Energy in the 2nd quarter valued at $375,000. Finally, Sound Financial Strategies Group LLC acquired a new position in shares of Eversource Energy during the 2nd quarter valued at $302,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Eversource Energy Price Performance

Shares of ES stock opened at $72.01 on Thursday. The company has a market capitalization of $27.12 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 5.33 and a beta of 0.70. The firm has a fifty day simple moving average of $72.60 and a 200-day simple moving average of $70.96. 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 has a twelve month low of $61.53 and a twelve month high of $76.57.

Eversource Energy (NYSE:ESGet Free Report) last announced its 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. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ES. Bank of America reaffirmed a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Capital One Financial set a $73.00 price objective on Eversource Energy in a research report on Wednesday, July 1st. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company upped their target price on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, Mizuho increased their target price on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.92.

Get Our Latest Report on ES

About Eversource Energy

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ESFree Report).

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.