Kinloch Capital LLC Takes $4.71 Million Position in Eversource Energy $ES

Key Points

• Kinloch Capital LLC initiated a $4.71 million position in Eversource Energy during the second quarter, purchasing 65,120 shares. Institutional investors and hedge funds collectively own approximately 79.99% of the company.
• Eversource reported quarterly earnings of $0.87 per share, in line with estimates, while revenue of $2.90 billion fell short of the $2.99 billion consensus forecast. The company reaffirmed fiscal 2026 EPS guidance of $4.57–$4.72.
• ES shares opened at $71.24, near analysts’ average price target of $72.92. Analyst sentiment remains mixed, with a consensus “Hold” rating from four Buy, six Hold, and three Sell recommendations.

Kinloch Capital LLC bought a new position in shares of Eversource Energy (NYSE:ES - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 65,120 shares of the utilities provider's stock, valued at approximately $4,706,000. Eversource Energy makes up approximately 1.7% of Kinloch Capital LLC's investment portfolio, making the stock its 26th largest position.

Several other hedge funds have also recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in Eversource Energy during the 2nd quarter worth approximately $359,215,000. The Manufacturers Life Insurance Company purchased a new position in shares of Eversource Energy in the second quarter valued at approximately $53,192,000. Peak Asset Management LLC acquired a new stake in shares of Eversource Energy in the second quarter worth approximately $207,000. Partners Capital Investment Group LLP acquired a new stake in shares of Eversource Energy in the second quarter worth approximately $718,000. Finally, Cibc World Market Inc. purchased a new stake in shares of Eversource Energy during the second quarter worth approximately $1,102,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Price Performance

ES stock opened at $71.24 on Tuesday. Eversource Energy has a 1 year low of $61.53 and a 1 year high of $76.57. 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 has a market capitalization of $26.84 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. The business has a 50 day simple moving average of $72.75 and a 200-day simple moving average of $71.02.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting analysts' consensus estimates of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction 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 transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ES. BMO Capital Markets reduced their price objective on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Citigroup reaffirmed a "hold" rating and set a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Wells Fargo & Company upped 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. Argus cut shares of Eversource Energy from a "buy" rating to a "hold" rating in a research report on Friday, June 12th. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and an average 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.

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