Great Lakes Advisors LLC Takes Position in Eversource Energy $ES

Great Lakes Advisors LLC acquired a new stake in shares of Eversource Energy (NYSE:ES) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,348 shares of the utilities provider’s stock, valued at approximately $820,000.

A number of other hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC raised its holdings in Eversource Energy by 220.2% in the 2nd 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 lifted its stake in shares of 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 period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Eversource Energy during the fourth quarter worth $28,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Eversource Energy during the fourth quarter worth $29,000. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in shares of Eversource Energy during the fourth quarter worth $30,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES opened at $70.25 on Friday. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The company has a 50 day moving average of $72.71 and a two-hundred day moving average of $70.98. The company has a market cap of $26.46 billion, a P/E ratio of 18.20, a P/E/G ratio of 5.18 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.80 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $2.90 billion for 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 business’s revenue for the quarter was up 2.3% compared to the same quarter last year. 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, analysts expect 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 dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at $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 is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ES. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Capital One Financial set a $73.00 target price on Eversource Energy in a research report on Wednesday, July 1st. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Wells Fargo & Company boosted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Finally, Mizuho upped their price target on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.92.

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.