EP Wealth Advisors LLC Takes $2.09 Million Position in Eversource Energy $ES

EP Wealth Advisors LLC purchased a new stake in Eversource Energy (NYSE:ES - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 28,925 shares of the utilities provider's stock, valued at approximately $2,090,000.

Several other institutional investors have also recently bought and sold shares of ES. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Eversource Energy by 1.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider's stock valued at $999,000 after buying an additional 140 shares during the last quarter. CX Institutional raised its position in shares of Eversource Energy by 4.3% during the second quarter. CX Institutional now owns 3,513 shares of the utilities provider's stock worth $254,000 after acquiring an additional 144 shares during the last quarter. Bank & Trust Co raised its position in shares of Eversource Energy by 2.0% during the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider's stock worth $539,000 after acquiring an additional 149 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Eversource Energy by 1.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider's stock valued at $807,000 after acquiring an additional 160 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Eversource Energy by 1.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider's stock valued at $975,000 after acquiring an additional 162 shares during the period. Institutional investors own 79.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ES shares. Citigroup reiterated a "hold" rating and issued a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th. Mizuho upped their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. BMO Capital Markets reduced their target price on shares of Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Argus cut shares of Eversource Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 12th. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday, July 1st. Four investment 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, Eversource Energy has an average rating of "Hold" and an average price target of $72.92.

Eversource Energy Stock Down 2.6%

NYSE:ES opened at $70.25 on Friday. 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 has a 12-month low of $61.53 and a 12-month high of $76.57. The stock's fifty day simple moving average is $72.71 and its 200-day simple moving average is $70.98. The firm has a market capitalization of $26.46 billion, a P/E ratio of 18.20, a P/E/G ratio of 5.18 and a beta of 0.70.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts expect that Eversource Energy will post 4.64 earnings per share for the current year.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the sale, the vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company's stock.

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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