Principle Wealth Partners LLC Buys Shares of 12,256 Eversource Energy $ES

Principle Wealth Partners LLC purchased a new position in Eversource Energy (NYSE:ES) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,256 shares of the utilities provider’s stock, valued at approximately $886,000.

Several other institutional investors and hedge funds have also modified their holdings of ES. Elevation Wealth Partners LLC increased its stake in shares of Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 240 shares in the last quarter. Activest Wealth Management raised its holdings in Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in Eversource Energy during the fourth quarter valued at $28,000. Godfrey Financial Associates Inc. purchased a new position in Eversource Energy during the fourth quarter valued at $29,000. Finally, Quest 10 Wealth Builders Inc. bought a new stake in Eversource Energy during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.5%

Shares of ES stock opened at $72.00 on Tuesday. Eversource Energy has a 52-week low of $61.53 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. The firm has a market capitalization of $27.12 billion, a PE ratio of 18.65, a PEG ratio of 5.34 and a beta of 0.70. The stock has a fifty day simple moving average of $72.49 and a two-hundred day simple moving average of $70.92.

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

Insider Transactions at Eversource Energy

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 transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ES shares. Mizuho upped their price target on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Scotiabank lowered their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, April 21st. Bank of America reiterated a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Wells Fargo & Company raised their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average price target of $72.92.

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.