OMERS ADMINISTRATION Corp Makes New Investment in Eversource Energy $ES

Key Points

• OMERS Administration Corp. purchased 18,440 shares of Eversource Energy in the second quarter, valued at approximately $1.33 million. Institutional investors and hedge funds collectively own about 79.99% of the company.
• Eversource reported quarterly earnings of $0.87 per share, in line with analyst expectations, while revenue rose 2.3% year over year to $2.90 billion but fell short of estimates. The company maintained fiscal 2026 EPS guidance of $4.57–$4.72.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $72.92. Eversource shares opened at $71.78, while a company vice president recently sold 7,000 shares at an average price of $69.88.

OMERS ADMINISTRATION Corp purchased a new stake in Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,440 shares of the utilities provider's stock, valued at approximately $1,333,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elevation Wealth Partners LLC grew its holdings in shares of Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock worth $25,000 after acquiring an additional 240 shares during the last quarter. Activest Wealth Management raised its position in shares of Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider's stock worth $26,000 after purchasing an additional 374 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Eversource Energy during the second quarter valued at $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Eversource Energy during the fourth quarter valued at $28,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Eversource Energy in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were 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 $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Eversource Energy Stock Up 1.1%

NYSE:ES opened at $71.78 on Thursday. The firm has a market capitalization of $27.04 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 5.24 and a beta of 0.70. Eversource Energy has a 1-year low of $62.45 and a 1-year high of $76.57. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The business's fifty day moving average price is $72.83 and its 200 day moving average price is $71.06.

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. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company posted $0.96 EPS. The business'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 forecast that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Argus cut Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Citigroup reiterated a "hold" rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Wells Fargo & Company lifted their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. Weiss Ratings raised shares of Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 10th. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Four investment 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, the company 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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