Ieq Capital LLC Makes New $43.03 Million Investment in Eversource Energy $ES

Ieq Capital LLC acquired a new stake in Eversource Energy (NYSE:ES) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 595,400 shares of the utilities provider’s stock, valued at approximately $43,030,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Financial Planning Inc. bought a new stake in shares of Eversource Energy during the second quarter valued at approximately $249,000. Callan Family Office LLC bought a new position in shares of Eversource Energy in the 2nd quarter worth $375,000. Keating Financial Advisory Services Inc. bought a new position in shares of Eversource Energy in the 2nd quarter worth $36,000. Allworth Financial LP acquired a new stake in Eversource Energy in the 2nd quarter valued at $1,734,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in Eversource Energy in the 2nd quarter valued at $5,439,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the topic of several research reports. Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Mizuho boosted their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Citigroup reissued a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Finally, Capital One Financial set a $73.00 target price on shares of Eversource Energy in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $72.92.

Insider Activity at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred 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 transaction, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Eversource Energy Trading Down 2.6%

Shares of Eversource Energy stock opened at $70.25 on Friday. The company has a market capitalization of $26.46 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 5.32 and a beta of 0.70. The stock has a fifty day simple moving average of $72.71 and a 200 day simple moving average of $70.98. 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 posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (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 firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

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.