GSA Capital Partners LLP Purchases Shares of 10,093 Eversource Energy $ES

GSA Capital Partners LLP acquired a new stake in Eversource Energy (NYSE:ES) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,093 shares of the utilities provider’s stock, valued at approximately $729,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its stake in Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after acquiring an additional 1,319 shares during the last quarter. Woodline Partners LP increased its position in shares of 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 purchasing an additional 8,984 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of 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 purchasing an additional 801 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of 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 purchasing an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Eversource Energy by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 349 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.3%

NYSE ES opened at $72.01 on Thursday. 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 firm’s fifty day moving average price is $72.60 and its 200 day moving average price is $70.96. The company has a market capitalization of $27.12 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 5.33 and a beta of 0.70. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.57.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm 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 company earned $0.96 earnings per share. 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. On average, sell-side analysts expect that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Insider Buying and Selling 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 completion of the sale, the vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ES shares. Citigroup reiterated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. BMO Capital Markets decreased their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Capital One Financial set a $73.00 price objective on Eversource Energy in a research report on Wednesday, July 1st. Bank of America reiterated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $72.92.

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.