EntryPoint Capital LLC Buys Shares of 5,033 Eversource Energy $ES

Key Points

• EntryPoint Capital LLC has acquired a new stake in Eversource Energy, purchasing 5,033 shares valued at approximately $313,000.
• Eversource Energy reported a quarterly EPS of $0.96, exceeding estimates, with a revenue of $2.84 billion, reflecting a 12% year-over-year growth.
• Institutional investors currently hold 79.99% of Eversource Energy's shares, indicating strong interest from the investment community.

EntryPoint Capital LLC bought a new stake in Eversource Energy (NYSE:ES - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,033 shares of the utilities provider's stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ES. Pinney & Scofield Inc. acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $33,000. Rossby Financial LCC acquired a new position in shares of Eversource Energy during the first quarter valued at about $34,000. CoreCap Advisors LLC raised its holdings in shares of Eversource Energy by 168.7% during the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 383 shares during the period. First Financial Corp IN raised its holdings in shares of Eversource Energy by 3,529.4% during the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 600 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Eversource Energy during the first quarter valued at about $46,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ES shares. Mizuho upped their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. BMO Capital Markets boosted their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Finally, Bank of America boosted their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Eversource Energy currently has a consensus rating of "Hold" and a consensus price target of $64.38.

Eversource Energy Trading Up 1.6%

Shares of NYSE:ES traded up $1.0750 during trading on Friday, reaching $66.4950. 1,526,442 shares of the company traded hands, compared to its average volume of 2,013,039. The business's fifty day moving average is $65.00 and its 200-day moving average is $62.49. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01. The firm has a market capitalization of $24.68 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 2.50 and a beta of 0.61. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67.

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

Eversource Energy 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.