Empowered Funds LLC Purchases Shares of 76,205 Eversource Energy $ES

Empowered Funds LLC purchased a new position in shares of Eversource Energy (NYSE:ES) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 76,205 shares of the utilities provider’s stock, valued at approximately $5,507,000.

A number of other hedge funds have also recently made changes to their positions in ES. United Capital Financial Advisors LLC purchased a new stake in shares of Eversource Energy in the 2nd quarter valued at $1,155,000. Hamilton Capital LLC bought a new stake in Eversource Energy in the second quarter worth $292,000. Centaurus Financial Inc. purchased a new stake in Eversource Energy during the second quarter valued at about $149,000. Brasada Capital Management LP purchased a new stake in Eversource Energy during the second quarter valued at about $483,000. Finally, FSA Advisors Inc. bought a new position in shares of Eversource Energy during the second quarter valued at about $230,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Price Performance

ES stock opened at $70.84 on Monday. The firm has a 50 day moving average price of $72.88 and a 200-day moving average price of $71.11. The firm has a market capitalization of $26.68 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 5.22 and a beta of 0.70. Eversource Energy has a 52-week low of $62.45 and a 52-week high of $76.57. 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 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 return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts forecast that Eversource Energy will post 4.64 EPS for the current fiscal year.

Insider Transactions at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ES. Mizuho lifted their price objective on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. BMO Capital Markets reduced their price target on 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. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company lifted their price target on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.