15,984 Shares in Eversource Energy $ES Purchased by United Capital Financial Advisors LLC

Key Points

• United Capital Financial Advisors purchased 15,984 shares of Eversource Energy in the second quarter, valued at approximately $1.16 million. Institutional investors and hedge funds collectively own 79.99% of the company.
• Eversource shares opened at $70.84, while analysts maintain a consensus rating of “Hold” and an average price target of $72.92. Recent target prices range from $73 to $81.
• The utility reported quarterly earnings of $0.87 per share, matching estimates, on revenue of $2.90 billion, up 2.3% year over year but below expectations of $2.99 billion.

United Capital Financial Advisors LLC purchased a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,984 shares of the utilities provider's stock, valued at approximately $1,155,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ES. Elevation Wealth Partners LLC increased its stake in shares of Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock valued at $25,000 after buying an additional 240 shares in the last quarter. Activest Wealth Management raised its position in Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider's stock worth $26,000 after purchasing an additional 374 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Eversource Energy in the 2nd quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in Eversource Energy during the 4th quarter worth $28,000. Finally, Godfrey Financial Associates Inc. acquired a new position in Eversource Energy during the 4th quarter worth $29,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company'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 completion of the transaction, the vice president owned 56,179 shares of the company's stock, valued at $3,925,788.52. This represents a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. Wells Fargo & Company lifted their price objective on Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. Mizuho upped their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings raised Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 10th. Finally, Citigroup reiterated a "hold" rating and issued a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $72.92.

Eversource Energy Stock Down 0.1%

Shares of ES stock opened at $70.84 on Friday. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 5.22 and a beta of 0.70. Eversource Energy has a 12-month low of $62.45 and a 12-month high of $76.57. The firm has a fifty day moving average of $72.88 and a 200-day moving average of $71.09. 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 (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts predict that Eversource Energy will post 4.64 earnings per share 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.

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