Partners Capital Investment Group LLP Takes Position in Eversource Energy $ES

Partners Capital Investment Group LLP bought a new position in Eversource Energy (NYSE:ES) in the 2nd quarter, Holdings Channel reports. The firm bought 9,929 shares of the utilities provider’s stock, valued at approximately $718,000.

A number of other large investors have also recently made changes to their positions in ES. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Eversource Energy by 1.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock valued at $999,000 after purchasing an additional 140 shares during the last quarter. CX Institutional raised its position in Eversource Energy by 4.3% in the 2nd quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 144 shares during the period. Bank & Trust Co lifted its stake in Eversource Energy by 2.0% in the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock worth $539,000 after purchasing an additional 149 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Eversource Energy by 1.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock worth $807,000 after purchasing an additional 160 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Eversource Energy by 1.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock worth $975,000 after purchasing an additional 162 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 1.5%

Shares of ES opened at $71.24 on Tuesday. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 5.18 and a beta of 0.70. 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 company has a 50-day moving average of $72.75 and a 200 day moving average of $71.02.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting 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 company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts expect that Eversource Energy will post 4.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ES shares. Mizuho upped their target price on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Citigroup reiterated a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company boosted their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings raised 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 assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.92.

Insider Activity

In related news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred 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 owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

About Eversource Energy

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.