Focus Partners Advisor Solutions LLC purchased a new stake in Eversource Energy (NYSE:ES – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 36,529 shares of the utilities provider’s stock, valued at approximately $2,640,000.
A number of other large investors also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Eversource Energy by 1.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after purchasing an additional 140 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Eversource Energy by 1.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after purchasing an additional 142 shares during the last quarter. CX Institutional increased its stake in Eversource Energy by 4.3% in the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 144 shares during the last quarter. Bank & Trust Co lifted its position in Eversource Energy by 2.0% during the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock worth $539,000 after buying an additional 149 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its position in Eversource Energy by 1.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock worth $807,000 after buying an additional 160 shares during the period. 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 the company. Mizuho raised their price target on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Bank of America reiterated a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Capital One Financial set a $73.00 target price on shares of Eversource Energy in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $72.92.
Insider Activity at Eversource Energy
In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.
Eversource Energy Trading Up 0.2%
ES stock opened at $72.34 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The company has a market cap of $27.25 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 5.34 and a beta of 0.70. The business has a fifty day simple moving average of $72.41 and a 200-day simple moving average of $70.91. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.57.
Eversource Energy (NYSE:ES – Get Free Report) last issued its 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. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The firm’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. On average, equities research analysts expect that Eversource Energy will post 4.64 EPS for the current year.
Eversource Energy Company Profile
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.
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