8,963 Shares in Eversource Energy $ES Bought by Trivium Point Advisory LLC

Trivium Point Advisory LLC acquired a new stake in Eversource Energy (NYSE:ES) during the second quarter, HoldingsChannel reports. The fund acquired 8,963 shares of the utilities provider’s stock, valued at approximately $648,000.

Several other institutional investors also recently bought and sold shares of the company. HBK Sorce Advisory LLC purchased a new position in Eversource Energy during the 2nd quarter worth $322,000. Horizon Investment Services LLC acquired a new stake in shares of Eversource Energy in the 2nd quarter worth $269,000. Global Retirement Partners LLC purchased a new stake in shares of Eversource Energy in the second quarter valued at about $1,147,000. Bank of New York Mellon Corp purchased a new stake in shares of Eversource Energy in the second quarter valued at about $224,016,000. Finally, Sandro Wealth Management LLC acquired a new position in shares of Eversource Energy during the second quarter worth about $311,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on ES. BMO Capital Markets cut their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company boosted 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. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Scotiabank cut their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Tuesday, April 21st. Finally, Citigroup reissued a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. Four equities 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, the company currently has an average 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 business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Eversource Energy Stock Down 0.0%

Shares of NYSE ES opened at $72.34 on Monday. 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 52 week low of $61.53 and a 52 week high of $76.57. The firm has a 50-day moving average price of $72.41 and a 200 day moving average price of $70.91. The stock has a market capitalization of $27.25 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business posted $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. Equities research analysts anticipate that Eversource Energy will post 4.64 EPS for the current fiscal year.

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.