Eversource Energy $ES Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 213.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,122 shares of the utilities provider's stock after buying an additional 119,232 shares during the quarter. HighTower Advisors LLC's holdings in Eversource Energy were worth $10,877,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ES. Raymond James Financial Inc. acquired a new position in shares of Eversource Energy during the 4th quarter worth approximately $19,716,000. Jump Financial LLC raised its stake in shares of Eversource Energy by 100.3% during the 4th quarter. Jump Financial LLC now owns 14,650 shares of the utilities provider's stock worth $841,000 after buying an additional 7,336 shares during the period. Marshall Wace LLP raised its stake in Eversource Energy by 134.0% in the 4th quarter. Marshall Wace LLP now owns 53,179 shares of the utilities provider's stock valued at $3,054,000 after purchasing an additional 30,455 shares during the last quarter. Commerce Bank raised its stake in Eversource Energy by 4.2% in the 4th quarter. Commerce Bank now owns 65,320 shares of the utilities provider's stock valued at $3,751,000 after purchasing an additional 2,604 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Eversource Energy by 10.3% in the 4th quarter. First Trust Advisors LP now owns 1,323,851 shares of the utilities provider's stock valued at $76,029,000 after purchasing an additional 123,808 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Up 1.4%

Shares of ES traded up $0.9130 during midday trading on Friday, reaching $66.3330. The company had a trading volume of 284,449 shares, compared to its average volume of 2,655,111. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The stock has a market cap of $24.62 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The firm has a 50 day simple moving average of $64.98 and a 200-day simple moving average of $62.41. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67.

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

Analysts Set New Price Targets

Several research analysts recently commented on ES shares. Bank of America increased their price objective on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Mizuho increased their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, BMO Capital Markets increased their price objective on 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 investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $65.56.

About Eversource Energy

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.