63,158 Shares in Eversource Energy $ES Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in Eversource Energy (NYSE:ES) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,158 shares of the utilities provider’s stock, valued at approximately $4,563,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ES. Elevation Wealth Partners LLC grew its position 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 during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Eversource Energy in the 2nd quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in Eversource Energy during the 4th quarter worth approximately $28,000. Godfrey Financial Associates Inc. bought a new position in Eversource Energy during the 4th quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. grew its holdings in Eversource Energy by 73.5% during the third quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 197 shares during the period. Institutional investors own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ES shares. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a report on Wednesday, July 1st. Citigroup reissued a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. Wells Fargo & Company raised their price objective on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Finally, Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $72.92.

Eversource Energy Trading Down 0.8%

Shares of NYSE:ES opened at $70.30 on Tuesday. Eversource Energy has a 12 month low of $62.45 and a 12 month high of $76.57. 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’s fifty day simple moving average is $72.89 and its 200 day simple moving average is $71.12. The firm has a market cap of $26.48 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 5.22 and a beta of 0.70.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The firm had revenue of $2.90 billion during 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 company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts forecast that Eversource Energy will post 4.64 EPS for the current fiscal year.

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.