Corient Private Wealth LP Takes Position in Eversource Energy $ES

Corient Private Wealth LP bought a new position in shares of Eversource Energy (NYSE:ES) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 77,958 shares of the utilities provider’s stock, valued at approximately $5,634,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Elevation Wealth Partners LLC grew its stake in Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after buying an additional 240 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Eversource Energy during the second quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in Eversource Energy during the fourth quarter worth approximately $28,000. Godfrey Financial Associates Inc. acquired a new stake in Eversource Energy during the fourth quarter worth approximately $29,000. Finally, First Bancorp Inc ME bought a new stake in shares of Eversource Energy during the second quarter worth approximately $30,000. Institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ES shares. BMO Capital Markets decreased their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Citigroup reissued a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Wells Fargo & Company upped their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Finally, Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average target price of $72.92.

Insiders Place Their Bets

In other Eversource Energy 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 value of $489,160.00. Following the completion of the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Eversource Energy Stock Performance

NYSE ES opened at $70.30 on Tuesday. 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 company has a market capitalization of $26.48 billion, a P/E ratio of 18.21, a P/E/G ratio of 5.22 and a beta of 0.70. Eversource Energy has a 12-month low of $62.45 and a 12-month high of $76.57. The firm has a 50-day moving average price of $72.89 and a two-hundred day moving average price of $71.12.

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, hitting analysts’ consensus estimates of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current 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.