Horizon Investments LLC Purchases 37,589 Shares of Eversource Energy $ES

Horizon Investments LLC increased its position in shares of Eversource Energy (NYSE:ES) by 662.0% during the 4th quarter, Holdings Channel reports. The firm owned 43,267 shares of the utilities provider’s stock after acquiring an additional 37,589 shares during the period. Horizon Investments LLC’s holdings in Eversource Energy were worth $2,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ES. Empowered Funds LLC raised its position in shares of Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after purchasing an additional 1,319 shares during the period. Woodline Partners LP increased its holdings in Eversource Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after acquiring an additional 8,984 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Eversource Energy by 115.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after acquiring an additional 801 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after acquiring an additional 27,332 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in Eversource Energy by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 349 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Seaport Research Partners downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Wells Fargo & Company reduced their price target on shares of Eversource Energy from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Bank of America reiterated a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Mizuho reduced their price target on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Finally, Scotiabank reduced their price target on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $71.80.

Eversource Energy Stock Performance

Eversource Energy stock opened at $69.38 on Tuesday. The company’s 50-day moving average price is $70.80 and its 200-day moving average price is $70.05. Eversource Energy has a twelve month low of $58.50 and a twelve month high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The company has a market cap of $26.08 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 4.64 and a beta of 0.74.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm posted $1.01 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities research analysts forecast that Eversource Energy will post 4.72 EPS for the current fiscal year.

Insider Activity

In other news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the transaction, the executive vice president owned 43,269 shares in the company, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cotton M. Cleveland sold 2,581 shares of Eversource Energy stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the transaction, the insider owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,381 shares of company stock valued at $1,211,079 in the last ninety days. Insiders own 0.18% of the company’s stock.

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.