Global Retirement Partners LLC Invests $1.15 Million in Eversource Energy $ES

Global Retirement Partners LLC acquired a new stake in shares of Eversource Energy (NYSE:ES) during the second quarter, Holdings Channel.com reports. The fund acquired 15,867 shares of the utilities provider’s stock, valued at approximately $1,147,000.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after acquiring an additional 1,319 shares in the last quarter. Woodline Partners LP increased its position in Eversource Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after purchasing an additional 8,984 shares during the last quarter. Acadian Asset Management LLC increased its position in Eversource Energy by 115.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 801 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Eversource Energy by 87.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after purchasing an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Eversource Energy by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 349 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on 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 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 SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Eversource Energy Stock Down 0.5%

ES stock opened at $72.00 on Tuesday. The stock has a market capitalization of $27.12 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70. The company has a 50-day moving average of $72.49 and a two-hundred day moving average of $70.92. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 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 posted $0.96 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts anticipate that Eversource Energy will post 4.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ES shares. Citigroup reaffirmed a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th. Scotiabank decreased their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Bank of America reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $72.92.

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.