Corient Private Wealth LP Buys Shares of 77,958 Eversource Energy $ES

Key Points

• Corient Private Wealth purchased 77,958 shares of Eversource Energy in the second quarter, valued at approximately $5.63 million. Institutional investors and hedge funds collectively own 79.99% of the company.
• Eversource’s latest quarterly results met expectations with earnings of $0.87 per share, while revenue reached $2.90 billion, up 2.3% year over year but below analysts’ $2.99 billion estimate. The company maintained 2026 earnings guidance of $4.57–$4.72 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $72.92. The stock recently opened at $70.30, down 0.8%, while a company vice president sold 7,000 shares in June.

Corient Private Wealth LP purchased a new position in shares of Eversource Energy (NYSE:ES - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 77,958 shares of the utilities provider's stock, valued at approximately $5,634,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ES. BlackRock Inc. acquired a new position in Eversource Energy during the second quarter worth $3,086,413,000. State Street Corp increased its stake in Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider's stock valued at $1,886,119,000 after buying an additional 1,265,802 shares during the last quarter. Geode Capital Management LLC lifted its position in Eversource Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider's stock worth $646,233,000 after buying an additional 194,781 shares in the last quarter. Victory Capital Management Inc. lifted its position in Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider's stock worth $642,747,000 after buying an additional 3,645,555 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Eversource Energy by 4.2% during the 4th quarter. Morgan Stanley now owns 5,879,604 shares of the utilities provider's stock worth $395,874,000 after buying an additional 238,723 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Eversource Energy

In related 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 transaction, the vice president directly owned 56,179 shares of the company's stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ES shares. Wells Fargo & Company lifted their target price on Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, July 2nd. BMO Capital Markets reduced their price target on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 10th. Argus cut Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Finally, Citigroup reissued a "hold" rating and issued a $81.00 price objective 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 assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $72.92.

Eversource Energy Trading Down 0.8%

Eversource Energy stock opened at $70.30 on Tuesday. Eversource Energy has a 52 week low of $62.45 and a 52 week high of $76.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The stock has a market capitalization of $26.48 billion, a P/E ratio of 18.21, a PEG ratio of 5.22 and a beta of 0.70. The stock has a 50-day simple moving average of $72.89 and a 200 day simple moving average of $71.12.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting analysts' consensus estimates of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts expect that Eversource Energy will post 4.64 earnings per share for the current year.

About Eversource Energy

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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