24,306 Shares in Eversource Energy $ES Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in Eversource Energy (NYSE:ES) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,306 shares of the utilities provider’s stock, valued at approximately $1,757,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ES. Deutsche Bank AG purchased a new stake in shares of Eversource Energy in the 2nd quarter valued at $311,548,000. Perigon Wealth Management LLC bought a new position in shares of Eversource Energy during the 2nd quarter valued at $478,000. Trust Co. of Vermont purchased a new position in Eversource Energy in the 2nd quarter worth $122,000. Principle Wealth Partners LLC bought a new stake in Eversource Energy in the second quarter worth $886,000. Finally, Focused Wealth Management Inc bought a new stake in Eversource Energy in the second quarter worth $208,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Down 0.5%

Shares of NYSE:ES opened at $72.00 on Tuesday. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.57. The company has a market cap of $27.12 billion, a PE ratio of 18.65, a P/E/G ratio of 5.34 and a beta of 0.70. 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 stock’s 50-day moving average is $72.49 and its 200 day moving average is $70.92.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company posted $0.96 EPS. Eversource Energy’s quarterly revenue 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. Sell-side analysts anticipate that Eversource Energy will post 4.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ES. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Mizuho boosted their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Wells Fargo & Company raised their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Finally, BMO Capital Markets decreased their target price 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. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $72.92.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the company’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 transaction of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.