HighTower Advisors LLC Increases Position in Eversource Energy $ES

Key Points

• HighTower Advisors increased its Eversource Energy stake by 12.3% in the second quarter, acquiring 45,083 additional shares for a total holding of 412,545 shares valued at approximately $29.8 million.
• Institutional investors own 79.99% of Eversource, with several other funds adding new or expanded positions during the quarter.
• Analysts maintain a consensus “Hold” rating with an average price target of $72.92. Eversource matched quarterly EPS estimates at $0.87, while revenue of $2.90 billion fell short of the $2.99 billion consensus estimate.

HighTower Advisors LLC increased its holdings in Eversource Energy (NYSE:ES - Free Report) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,545 shares of the utilities provider's stock after acquiring an additional 45,083 shares during the period. HighTower Advisors LLC owned about 0.11% of Eversource Energy worth $29,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its position in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock worth $25,000 after purchasing an additional 240 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Eversource Energy during the 2nd quarter valued at $26,000. First Bancorp Inc ME bought a new stake in shares of Eversource Energy during the 2nd quarter worth $30,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Eversource Energy during the 4th quarter worth $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Eversource Energy during the 4th quarter worth $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, July 2nd. Mizuho lifted their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Citigroup restated a "hold" rating and set a $81.00 price target on shares of Eversource Energy in a research note on Monday, July 27th. Argus cut shares of Eversource Energy from a "buy" rating to a "hold" rating in a report on Friday, June 12th. Finally, BMO Capital Markets dropped their price objective on 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. Four equities 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $72.92.

Eversource Energy Price Performance

NYSE ES opened at $71.55 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The company has a market cap of $26.95 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 3.08 and a beta of 0.69. Eversource Energy has a 52 week low of $62.63 and a 52 week high of $76.57. The firm's 50-day simple moving average is $72.73 and its two-hundred day simple moving average is $71.07.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts predict that Eversource Energy will post 4.65 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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