Great Lakes Advisors LLC Acquires Shares of 11,348 Eversource Energy $ES

Great Lakes Advisors LLC acquired a new stake in shares of Eversource Energy (NYSE:ES) during the second quarter, Holdings Channel.com reports. The fund acquired 11,348 shares of the utilities provider’s stock, valued at approximately $820,000.

A number of other institutional investors have also made changes to their positions in ES. Elevation Wealth Partners LLC boosted its stake in shares of 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 purchasing an additional 240 shares during the period. Activest Wealth Management grew its holdings in 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 in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Eversource Energy during the 4th quarter worth $28,000. Godfrey Financial Associates Inc. purchased a new stake in Eversource Energy during the 4th quarter worth $29,000. Finally, Quest 10 Wealth Builders Inc. acquired a new position in Eversource Energy in the 4th quarter worth $30,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ES. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Capital One Financial set a $73.00 target price on Eversource Energy in a research report on Wednesday, July 1st. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Mizuho increased their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, BMO Capital Markets lowered their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Stock Performance

Shares of ES stock opened at $70.25 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The business has a 50 day moving average of $72.71 and a two-hundred day moving average of $70.98. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.57. The company has a market cap of $26.46 billion, a P/E ratio of 18.20, a PEG ratio of 5.18 and a beta of 0.70.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, analysts anticipate that Eversource Energy will post 4.64 EPS for the current year.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.