Pallas Capital Advisors LLC Buys Shares of 24,306 Eversource Energy $ES

Key Points

• Pallas Capital Advisors initiated a position of 24,306 Eversource Energy shares during the second quarter, valued at approximately $1.76 million. Institutional investors collectively own 79.99% of the company.
• Eversource reported quarterly earnings of $0.87 per share, in line with analyst expectations, while revenue totaled $2.90 billion, below the $2.99 billion consensus estimate. The company reaffirmed fiscal 2026 EPS guidance of $4.57–$4.72.
• Shares recently traded at $72.00, near the analyst consensus target of $72.92. Analyst sentiment remains mixed, with an overall “Hold” rating from four Buy, six Hold, and three Sell recommendations.

Pallas Capital Advisors LLC bought a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,306 shares of the utilities provider's stock, valued at approximately $1,757,000.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Eversource Energy during the 4th quarter valued at $324,032,000. Northwestern Mutual Wealth Management Co. boosted its stake in Eversource Energy by 23,707.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider's stock worth $313,067,000 after purchasing an additional 4,630,216 shares during the period. Deutsche Bank AG purchased a new position in Eversource Energy during the 2nd quarter valued at about $311,548,000. Victory Capital Management Inc. grew its holdings in Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider's stock valued at $642,747,000 after buying an additional 3,645,555 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Eversource Energy during the second quarter valued at about $224,016,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Down 0.5%

Shares of ES opened at $72.00 on Tuesday. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.57. The company has a market capitalization of $27.12 billion, a P/E ratio of 18.65, a P/E/G ratio of 5.34 and a beta of 0.70. 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 50 day simple moving average is $72.49 and its 200 day simple moving average is $70.92.

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

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the company's stock in a transaction 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 transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 10th. Seaport Research Partners downgraded shares of Eversource Energy from a "buy" rating to a "neutral" rating in a report on Monday, April 20th. Bank of America reaffirmed a "buy" rating and issued a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, Mizuho boosted their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $72.92.

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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