Aventail Capital Group LP Purchases 783,768 Shares of Eversource Energy $ES

Key Points

• Aventail Capital Group LP increased its stake in Eversource Energy by 134.6%, adding 783,768 shares to own 1,366,121 shares (≈$97.19M), making ES the fund's largest holding at 4.5% of its portfolio.
• Multiple large institutions also boosted positions—Norges Bank, Lazard (added ~2.69M shares), AQR, LSV and Vanguard (now ~46.8M shares worth ~$3.33B)—with institutional ownership at about 79.99%.
• Eversource beat quarterly expectations with $1.12 EPS vs $1.10 and revenue of $3.37B (up 13.4%), set FY2026 guidance of 4.80–4.95 EPS, and raised its quarterly dividend to $0.7875 (annual $3.15, yield ~4.3%).

Aventail Capital Group LP raised its position in shares of Eversource Energy (NYSE:ES - Free Report) by 134.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,366,121 shares of the utilities provider's stock after acquiring an additional 783,768 shares during the quarter. Eversource Energy comprises 4.5% of Aventail Capital Group LP's investment portfolio, making the stock its biggest holding. Aventail Capital Group LP owned about 0.36% of Eversource Energy worth $97,186,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ES. Norges Bank acquired a new position in shares of Eversource Energy in the 2nd quarter valued at about $274,744,000. Lazard Asset Management LLC grew its stake in Eversource Energy by 43,905.7% during the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider's stock worth $171,309,000 after purchasing an additional 2,686,588 shares during the period. AQR Capital Management LLC grew its stake in Eversource Energy by 412.7% during the third quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider's stock worth $127,133,000 after purchasing an additional 1,449,388 shares during the period. LSV Asset Management increased its holdings in Eversource Energy by 331.5% in the third quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider's stock worth $111,446,000 after purchasing an additional 1,203,563 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Eversource Energy by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider's stock valued at $3,330,374,000 after buying an additional 1,161,708 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John M. Moreira sold 7,800 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares of the company's stock, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their position. The sale was disclosed in a legal filing 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 dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the transaction, the insider owned 79,364 shares of the company's stock, valued at $5,941,982.68. This trade represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,381 shares of company stock worth $1,211,079 over the last three months. 0.41% of the stock is currently owned by insiders.

Eversource Energy Trading Down 0.2%

NYSE ES opened at $73.05 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $76.41. The business has a 50 day moving average price of $71.12 and a 200-day moving average price of $69.66. The company has a market cap of $27.43 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 3.16 and a beta of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $2.94 billion. Eversource Energy's quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy's payout ratio is 68.93%.

Analysts Set New Price Targets

A number of research firms have issued reports on ES. Bank of America restated a "buy" rating on shares of Eversource Energy in a report on Monday, March 2nd. Jefferies Financial Group reiterated an "underperform" rating on shares of Eversource Energy in a research report on Monday, November 24th. Janney Montgomery Scott raised shares of Eversource Energy from a "neutral" rating to a "buy" rating and set a $79.00 target price on the stock in a research note on Monday, November 24th. Scotiabank reduced their price target on shares of Eversource Energy from $64.00 to $63.00 and set a "sector underperform" rating for the company in a report on Thursday, November 20th. Finally, UBS Group decreased their price target on shares of Eversource Energy from $78.00 to $73.00 and set a "neutral" rating for the company in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and an average target price of $74.30.

Eversource Energy 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.

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