Gallagher Fiduciary Advisors LLC Acquires New Position in Eversource Energy $ES

Gallagher Fiduciary Advisors LLC acquired a new stake in shares of Eversource Energy (NYSE:ES) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,357 shares of the utilities provider’s stock, valued at approximately $604,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC raised its holdings in shares of Eversource Energy by 220.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock worth $25,000 after buying an additional 240 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Eversource Energy in the second quarter valued at about $26,000. Activest Wealth Management boosted its stake in Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after buying an additional 374 shares in the last quarter. First Bancorp Inc ME bought a new position in Eversource Energy in the second quarter valued at about $30,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in Eversource Energy in the fourth quarter valued at about $28,000. 79.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ES. BMO Capital Markets reduced their price target on shares of 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. Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Mizuho increased their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Citigroup restated a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Finally, Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.92.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were 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 in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES stock opened at $71.07 on Wednesday. The firm has a market capitalization of $26.77 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 5.25 and a beta of 0.70. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The business’s 50-day moving average price is $72.77 and its 200-day moving average price is $71.04. Eversource Energy has a 12 month low of $62.45 and a 12 month high of $76.57.

Eversource Energy (NYSE:ES) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts forecast that Eversource Energy will post 4.64 EPS for the current year.

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.