Evolve Private Wealth LLC Invests $1.38 Million in Eversource Energy $ES

Key Points

• Evolve Private Wealth bought 19,074 shares of Eversource Energy in the second quarter, valued at approximately $1.38 million. Institutional investors collectively own 79.99% of the company.
• Eversource reported quarterly earnings of $0.87 per share, in line with analyst estimates, while revenue reached $2.90 billion, up 2.3% year over year but below expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $72.92. Shares recently traded at $70.25, while the company’s FY 2026 EPS guidance is $4.57–$4.72.

Evolve Private Wealth LLC purchased a new position in shares of Eversource Energy (NYSE:ES - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,074 shares of the utilities provider's stock, valued at approximately $1,379,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC boosted its position in Eversource Energy by 220.2% during the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 240 shares during the last quarter. Activest Wealth Management increased its position in Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider's stock worth $26,000 after purchasing an additional 374 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Eversource Energy during the 2nd quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Eversource Energy during the 4th quarter valued at about $28,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Eversource Energy during the 4th quarter valued at about $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 0.1%

Shares of Eversource Energy stock opened at $70.25 on Monday. The company's fifty day simple moving average is $72.71 and its 200-day simple moving average is $71.00. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.57. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The company has a market cap of $26.46 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 5.18 and a beta of 0.70.

Eversource Energy (NYSE:ES - Get Free Report) last announced 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. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts expect that Eversource Energy will post 4.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ES shares. Argus lowered shares of Eversource Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 12th. Weiss Ratings upgraded shares of Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 10th. BMO Capital Markets reduced their price objective on shares of Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a report on Wednesday, July 1st. Finally, Citigroup reissued a "hold" rating and set a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $72.92.

Insider Transactions at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

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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