Focus Partners Advisor Solutions LLC Makes New $2.64 Million Investment in Eversource Energy $ES

Focus Partners Advisor Solutions LLC bought a new position in shares of Eversource Energy (NYSE:ES) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,529 shares of the utilities provider’s stock, valued at approximately $2,640,000.

A number of other hedge funds also recently added to or reduced their stakes in ES. Elevation Wealth Partners LLC grew its holdings in shares of Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 240 shares during the period. Activest Wealth Management raised its holdings in Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Eversource Energy during the fourth quarter worth $28,000. Key Capital Management INC acquired a new position in Eversource Energy during the fourth quarter worth $29,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Eversource Energy during the fourth quarter worth $29,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on ES shares. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Wells Fargo & Company boosted their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Bank of America restated a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, Citigroup restated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $72.92.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction dated 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 owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $72.34 on Friday. 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 business’s fifty day moving average price is $72.41 and its two-hundred day moving average price is $70.91. The stock has a market cap of $27.25 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 5.34 and a beta of 0.70. Eversource Energy has a one year low of $61.53 and a one year high of $76.57.

Eversource Energy (NYSE:ES) last released its quarterly 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. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, 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.