Ieq Capital LLC Purchases Shares of 595,400 Eversource Energy $ES

Ieq Capital LLC acquired a new position in shares of Eversource Energy (NYSE:ES) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 595,400 shares of the utilities provider’s stock, valued at approximately $43,030,000. Ieq Capital LLC owned about 0.16% of Eversource Energy at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Elevation Wealth Partners LLC boosted its holdings in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 240 shares during the last quarter. Activest Wealth Management raised its holdings in Eversource Energy by 2,337.5% during the 4th 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 last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Eversource Energy during the 2nd quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Eversource Energy in the 4th quarter worth approximately $28,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Eversource Energy in the 4th quarter worth approximately $29,000. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ES shares. Mizuho increased 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. Wells Fargo & Company boosted their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, BMO Capital Markets lowered their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.92.

Eversource Energy Price Performance

Eversource Energy stock opened at $70.25 on Friday. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 5.32 and a beta of 0.70. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The stock’s 50 day moving average price is $72.71 and its two-hundred day moving average price is $70.98. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 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 net margin of 10.35% and a return on equity of 11.33%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts predict that Eversource Energy will post 4.64 earnings per share for the current year.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the sale, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.