HighTower Advisors LLC Buys 45,083 Shares of Eversource Energy $ES

HighTower Advisors LLC raised its stake in shares of Eversource Energy (NYSE:ES) by 12.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 412,545 shares of the utilities provider’s stock after buying an additional 45,083 shares during the quarter. HighTower Advisors LLC’s holdings in Eversource Energy were worth $29,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ES. California State Teachers Retirement System boosted its holdings in Eversource Energy by 6,017.5% in the 2nd quarter. California State Teachers Retirement System now owns 61,782,250 shares of the utilities provider’s stock valued at $4,465,003,000 after purchasing an additional 60,772,317 shares during the period. Wedmont Private Capital increased its holdings in shares of Eversource Energy by 18.3% in the second quarter. Wedmont Private Capital now owns 4,231 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 653 shares during the period. Kintra Wealth LLC purchased a new stake in shares of Eversource Energy in the second quarter worth $325,000. HB Wealth Management LLC raised its position in shares of Eversource Energy by 47.7% in the second quarter. HB Wealth Management LLC now owns 35,105 shares of the utilities provider’s stock worth $2,537,000 after buying an additional 11,330 shares in the last quarter. Finally, Saudi Central Bank boosted its stake in Eversource Energy by 90.0% during the second quarter. Saudi Central Bank now owns 26,309 shares of the utilities provider’s stock valued at $1,901,000 after buying an additional 12,460 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Mizuho boosted their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wells Fargo & Company lifted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Citigroup reissued a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and an average price target of $72.92.

Eversource Energy Stock Up 0.7%

Shares of NYSE:ES opened at $71.55 on Wednesday. The firm has a market capitalization of $26.95 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 3.08 and a beta of 0.69. 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 has a 52-week low of $62.63 and a 52-week high of $76.57. The firm has a fifty day moving average of $72.73 and a 200 day moving average of $71.07.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

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.