Eversource Energy $ES Shares Acquired by Ascent Group LLC

Ascent Group LLC lifted its stake in shares of Eversource Energy (NYSE:ES) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,161 shares of the utilities provider’s stock after acquiring an additional 1,498 shares during the quarter. Ascent Group LLC’s holdings in Eversource Energy were worth $1,314,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pinney & Scofield Inc. acquired a new position in shares of Eversource Energy during the fourth quarter valued at approximately $33,000. Rossby Financial LCC acquired a new stake in Eversource Energy in the 1st quarter valued at about $34,000. CoreCap Advisors LLC lifted its holdings in Eversource Energy by 168.7% in the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 383 shares during the last quarter. First Financial Corp IN lifted its holdings in Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 600 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in Eversource Energy in the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling

In related news, insider Loretta D. Keane acquired 3,780 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $66.07 per share, with a total value of $249,744.60. Following the completion of the transaction, the insider owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. This trade represents a 45.80% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ES. Wall Street Zen raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Bank of America increased their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Mizuho increased their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.38.

Eversource Energy Trading Up 1.6%

Eversource Energy stock opened at $63.87 on Wednesday. The company has a 50 day moving average price of $65.13 and a 200 day moving average price of $62.69. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $68.73. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 2.36 and a beta of 0.64.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business posted $0.95 EPS. The company’s revenue was up 12.0% on a year-over-year basis. 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 year.

Eversource Energy Company Profile

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.