174,416 Shares in Eversource Energy $ES Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new stake in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, HoldingsChannel reports. The firm bought 174,416 shares of the utilities provider’s stock, valued at approximately $12,605,000.

Other large investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC grew its position in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock worth $25,000 after buying an additional 240 shares during the last quarter. Activest Wealth Management lifted its position in shares of 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 acquiring an additional 374 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Eversource Energy during the 4th quarter valued at $28,000. Godfrey Financial Associates Inc. bought a new stake in shares of Eversource Energy during the 4th quarter worth $29,000. Finally, Quest 10 Wealth Builders Inc. bought a new stake in shares of Eversource Energy during the 4th quarter worth $30,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Trading Up 0.5%

Eversource Energy stock opened at $72.27 on Wednesday. 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 $27.22 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 5.34 and a beta of 0.70. The company has a 50 day moving average price of $72.55 and a 200 day moving average price of $70.94.

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

Insider Buying and Selling at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy 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 transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ES. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Capital One Financial set a $73.00 price target on Eversource Energy in a research report on Wednesday, July 1st. Wells Fargo & Company increased 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. BMO Capital Markets dropped their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Mizuho boosted 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. Four research 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, the stock currently has an average rating of “Hold” and a consensus price target of $72.92.

Eversource Energy 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.