Northwestern Mutual Wealth Management Co. Makes New Investment in Eversource Energy $ES

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Eversource Energy (NYSE:ES) in the second quarter, HoldingsChannel.com reports. The firm bought 27,167 shares of the utilities provider’s stock, valued at approximately $1,963,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC lifted 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 period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Eversource Energy during the 2nd quarter valued at about $26,000. Activest Wealth Management increased its position 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 valued at $26,000 after purchasing an additional 374 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Eversource Energy during the 4th quarter valued at about $28,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Eversource Energy in the 4th quarter worth approximately $29,000. 79.99% of the stock is owned by institutional investors.

Insider Activity at Eversource Energy

In other 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 transaction of $489,160.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Eversource Energy Trading Up 1.5%

Shares of NYSE:ES opened at $71.24 on Tuesday. The stock has a 50 day moving average of $72.75 and a 200 day moving average of $71.02. The company has a market cap of $26.84 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.57. 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 released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting analysts’ consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business earned $0.96 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts expect that Eversource Energy will post 4.64 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ES shares. Wells Fargo & Company raised their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. BMO Capital Markets decreased their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Citigroup reiterated a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a research note on Monday, July 27th. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Finally, Capital One Financial set a $73.00 price objective on Eversource Energy in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently 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.