4,490 Shares in Eversource Energy $ES Purchased by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has invested approximately $279,000 in Eversource Energy, acquiring 4,490 shares as part of their first-quarter strategy.
• Eversource Energy reported earnings of $0.96 EPS for the July quarter, exceeding analysts' expectations, though its revenue of $2.84 billion fell below forecasts.
• Research analysts have adjusted price targets for Eversource Energy, with BMO Capital Markets raising theirs from $71.00 to $72.00, reflecting varied ratings from "sell" to "outperform."

Atria Wealth Solutions Inc. purchased a new position in shares of Eversource Energy (NYSE:ES - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,490 shares of the utilities provider's stock, valued at approximately $279,000.

Several other institutional investors have also recently made changes to their positions in the company. Empower Advisory Group LLC increased its holdings in shares of Eversource Energy by 4.6% during the 1st quarter. Empower Advisory Group LLC now owns 1,153,566 shares of the utilities provider's stock valued at $71,648,000 after purchasing an additional 50,806 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Eversource Energy by 6.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 279,541 shares of the utilities provider's stock worth $17,362,000 after acquiring an additional 17,260 shares during the period. Raiffeisen Bank International AG raised its holdings in shares of Eversource Energy by 38.6% during the 1st quarter. Raiffeisen Bank International AG now owns 79,114 shares of the utilities provider's stock worth $4,835,000 after acquiring an additional 22,047 shares during the period. Blair William & Co. IL raised its holdings in shares of Eversource Energy by 1.3% during the 1st quarter. Blair William & Co. IL now owns 31,536 shares of the utilities provider's stock worth $1,959,000 after acquiring an additional 406 shares during the period. Finally, Heritage Trust Co raised its holdings in shares of Eversource Energy by 49.0% during the 1st quarter. Heritage Trust Co now owns 39,444 shares of the utilities provider's stock worth $2,450,000 after acquiring an additional 12,974 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ES has been the topic of a number of recent analyst reports. Mizuho upped their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Bank of America upped their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, BMO Capital Markets increased their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.56.

Eversource Energy Price Performance

Eversource Energy stock traded down $0.0510 during midday trading on Wednesday, reaching $65.6590. The company's stock had a trading volume of 1,852,996 shares, compared to its average volume of 2,016,621. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The firm has a market capitalization of $24.37 billion, a PE ratio of 28.18, a P/E/G ratio of 2.47 and a beta of 0.61. The stock's 50 day simple moving average is $64.98 and its 200 day simple moving average is $62.36. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter last year, the business posted $0.95 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.