West Family Investments Inc. Makes New $702,000 Investment in Eversource Energy $ES

West Family Investments Inc. purchased a new position in Eversource Energy (NYSE:ES) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,717 shares of the utilities provider’s stock, valued at approximately $702,000.

Other large investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC raised its stake in Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 240 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Eversource Energy by 2,337.5% during the fourth 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 period. Garton & Associates Financial Advisors LLC purchased a new stake in Eversource Energy in the fourth quarter valued at approximately $28,000. Godfrey Financial Associates Inc. purchased a new position in Eversource Energy during the 4th quarter worth approximately $29,000. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in Eversource Energy during the 4th quarter valued at approximately $30,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a research note on Wednesday, April 22nd. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Mizuho increased their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Citigroup reissued a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Stock Performance

NYSE:ES opened at $72.01 on Thursday. The company has a market cap of $27.12 billion, a P/E ratio of 18.65, a P/E/G ratio of 5.33 and a beta of 0.70. Eversource Energy has a twelve month low of $61.53 and a twelve month high of $76.57. The company’s 50-day moving average price is $72.60 and its 200-day moving average price is $70.96. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

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

Eversource Energy 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.