12,256 Shares in Eversource Energy $ES Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC bought a new stake in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 12,256 shares of the utilities provider’s stock, valued at approximately $886,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Elevation Wealth Partners LLC lifted 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 purchasing an additional 240 shares in the last quarter. Activest Wealth Management grew its position 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 valued at $26,000 after purchasing an additional 374 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Eversource Energy in the fourth quarter worth about $28,000. Godfrey Financial Associates Inc. bought a new stake in shares of Eversource Energy in the fourth quarter worth about $29,000. Finally, Quest 10 Wealth Builders Inc. purchased a new stake in shares of Eversource Energy in the fourth quarter worth about $30,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Trading Down 0.5%

Shares of NYSE ES opened at $72.00 on Tuesday. The business’s 50 day moving average is $72.49 and its two-hundred day moving average is $70.92. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.57. The stock has a market capitalization of $27.12 billion, a P/E ratio of 18.65, a PEG ratio of 5.34 and a beta of 0.70.

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

Insiders Place Their Bets

In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was 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 $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ES. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Bank of America reaffirmed a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. Wells Fargo & Company increased their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Citigroup reissued a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.92.

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.