Jefferies Financial Group Inc. Takes $24.16 Million Position in Eversource Energy $ES

Jefferies Financial Group Inc. bought a new stake in shares of Eversource Energy (NYSE:ES) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 334,254 shares of the utilities provider’s stock, valued at approximately $24,157,000.

Other large investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC lifted its stake in Eversource Energy by 220.2% in the second 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 period. Activest Wealth Management grew 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 worth $26,000 after buying an additional 374 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Eversource Energy in the 2nd quarter valued at $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Eversource Energy during the 4th quarter valued at $28,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Eversource Energy during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Down 1.1%

NYSE:ES opened at $70.86 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The firm has a 50-day moving average of $72.86 and a 200-day moving average of $71.09. The company has a market cap of $26.69 billion, a PE ratio of 18.36, a PEG ratio of 5.29 and a beta of 0.70. Eversource Energy has a one year low of $62.45 and a one year high of $76.57.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate 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 net margin of 10.35% and a return on equity of 11.33%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts expect that Eversource Energy will post 4.64 EPS for the current fiscal year.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’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 owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ES shares. BMO Capital Markets reduced their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Mizuho upped their price objective on shares of Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company raised their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Citigroup restated a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and an average target price of $72.92.

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.