Horizon Investments LLC Boosts Stock Holdings in Eversource Energy $ES

Key Points

• Horizon Investments LLC boosted its stake in Eversource by 662% in Q4, buying 37,589 shares to hold 43,267 shares valued at $2.913 million.
• Equity analysts have a consensus rating of Hold with a $71.80 consensus target, after mixed moves—UBS and Mizuho lowered targets while Bank of America stayed at Buy and JPMorgan raised its target but kept an Underweight rating.
• Company insiders sold 16,381 shares worth $1.21 million in the past three months and now own just 0.18% of the stock, while institutional investors hold roughly 79.99%.

Horizon Investments LLC grew its position in shares of Eversource Energy (NYSE:ES - Free Report) by 662.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,267 shares of the utilities provider's stock after buying an additional 37,589 shares during the quarter. Horizon Investments LLC's holdings in Eversource Energy were worth $2,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ES. Empowered Funds LLC grew its holdings in shares of Eversource Energy by 8.9% during the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider's stock valued at $1,003,000 after buying an additional 1,319 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Eversource Energy by 40.8% during the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider's stock valued at $1,925,000 after buying an additional 8,984 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Eversource Energy by 115.1% in the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider's stock worth $92,000 after purchasing an additional 801 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Eversource Energy by 87.9% in the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider's stock worth $3,718,000 after purchasing an additional 27,332 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Eversource Energy by 4.6% in the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider's stock worth $505,000 after purchasing an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ES. UBS Group decreased their price target on shares of Eversource Energy from $80.00 to $74.00 and set a "neutral" rating on the stock in a research report on Friday, March 27th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Eversource Energy in a research report on Monday, April 27th. Bank of America reiterated a "buy" rating and issued a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. Mizuho decreased their price target on shares of Eversource Energy from $75.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, March 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an "underweight" rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy has an average rating of "Hold" and a consensus target price of $71.80.

Insider Activity

In other news, EVP John M. Moreira sold 7,800 shares of the firm's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president directly owned 43,269 shares in the company, valued at $3,197,579.10. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the firm's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the sale, the insider owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,381 shares of company stock worth $1,211,079 in the last three months. Company insiders own 0.18% of the company's stock.

Eversource Energy Stock Down 2.4%

ES opened at $69.38 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. Eversource Energy has a 1-year low of $58.50 and a 1-year high of $76.41. The company has a market capitalization of $26.08 billion, a PE ratio of 15.18, a PEG ratio of 4.64 and a beta of 0.74. The firm's 50 day simple moving average is $70.80 and its two-hundred day simple moving average is $70.05.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company's quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities analysts forecast that Eversource Energy will post 4.72 EPS 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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