West Family Investments Inc. Purchases New Stake in Eversource Energy $ES

West Family Investments Inc. bought a new stake in Eversource Energy (NYSE:ES) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,717 shares of the utilities provider’s stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Man Group plc bought a new position in shares of Eversource Energy in the second quarter valued at approximately $57,166,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Eversource Energy during the fourth quarter valued at approximately $1,158,000. Forsta AP Fonden grew its holdings in shares of Eversource Energy by 118.5% in the fourth quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock worth $16,422,000 after purchasing an additional 132,300 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Eversource Energy during the 1st quarter valued at $2,587,000. Finally, Wedge Capital Management L L P NC increased its stake in shares of Eversource Energy by 13.2% during the second quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider’s stock valued at $25,468,000 after buying an additional 40,993 shares during the period. Institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ES. 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. Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a report on Wednesday, July 1st. Argus downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Citigroup reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Finally, Mizuho increased their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Trading Up 0.7%

Shares of Eversource Energy stock traded up $0.50 on Tuesday, reaching $71.55. The company had a trading volume of 1,882,992 shares, compared to its average volume of 2,467,906. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. Eversource Energy has a 1 year low of $62.63 and a 1 year high of $76.57. The firm has a market cap of $26.95 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 3.08 and a beta of 0.69. The firm’s 50-day moving average price is $72.73 and its two-hundred day moving average price is $71.07.

Eversource Energy (NYSE:ES) last issued its quarterly 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 during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.Eversource Energy’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts predict that Eversource Energy will post 4.65 earnings per share 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.