OneDigital Investment Advisors LLC Acquires New Position in Eversource Energy $ES

OneDigital Investment Advisors LLC acquired a new stake in Eversource Energy (NYSE:ES) during the second quarter, HoldingsChannel reports. The fund acquired 10,734 shares of the utilities provider’s stock, valued at approximately $776,000.

A number of other institutional investors have also recently bought and sold shares of ES. Norges Bank bought a new stake in shares of Eversource Energy during the 4th quarter valued at $324,032,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Eversource Energy by 23,707.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after purchasing an additional 4,630,216 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Eversource Energy by 61.8% during the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after purchasing an additional 3,645,555 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Eversource Energy during the second quarter worth $224,016,000. Finally, Deutsche Bank AG increased its holdings in Eversource Energy by 78.1% in the fourth quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after purchasing an additional 2,341,912 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analysts Set New Price Targets

ES has been the topic of several analyst reports. Citigroup reissued a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Mizuho increased their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. BMO Capital Markets reduced their price objective on shares of 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. Finally, Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $72.92.

Insider Activity

In related news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy Stock Performance

ES stock opened at $72.27 on Wednesday. The business’s 50-day moving average price is $72.55 and its two-hundred day moving average price is $70.94. 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 firm has a market cap of $27.22 billion, a PE ratio of 18.72, a P/E/G ratio of 5.34 and a beta of 0.70. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.57.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts forecast that Eversource Energy will post 4.64 earnings per share for the current year.

Eversource Energy Company Profile

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.