19,074 Shares in Eversource Energy $ES Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new stake in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, Holdings Channel reports. The fund purchased 19,074 shares of the utilities provider’s stock, valued at approximately $1,379,000.

Several other large investors have also recently added to or reduced their stakes in ES. Westpac Banking Corp bought a new position in shares of Eversource Energy in the second quarter valued at approximately $5,679,000. Landscape Capital Management L.L.C. bought a new stake in Eversource Energy during the 2nd quarter worth approximately $1,001,000. Korea Investment CORP bought a new stake in Eversource Energy during the 2nd quarter worth approximately $24,066,000. EP Wealth Advisors LLC acquired a new stake in Eversource Energy during the 2nd quarter valued at $2,090,000. Finally, Pinnacle West Asset Management Inc. acquired a new stake in Eversource Energy during the 2nd quarter valued at $206,000. 79.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ES has been the topic of a number of recent analyst reports. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Mizuho lifted their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Citigroup reissued a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Four 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. According to data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Stock Up 0.1%

Shares of Eversource Energy stock opened at $70.25 on Monday. The business has a fifty day simple moving average of $72.71 and a 200 day simple moving average of $71.00. The stock has a market cap of $26.46 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.57.

Eversource Energy (NYSE:ES) last issued 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. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts predict that Eversource Energy will post 4.64 EPS for the current year.

Insiders Place Their Bets

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

Eversource Energy 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.