Sanctuary Advisors LLC Makes New Investment in Eversource Energy $ES

Key Points

• Sanctuary Advisors LLC initiated a roughly $10.4 million position in Eversource Energy during the second quarter, while several other institutional investors also added stakes. Institutional investors and hedge funds own approximately 79.99% of the company.
• Analysts have a mixed view of Eversource, with four Buy, six Hold, and three Sell ratings. The stock has an average rating of Hold and an average price target of $72.92.
• Eversource reported quarterly EPS of $0.87, matching estimates, while revenue of $2.90 billion fell short of expectations. Shares opened at $71.24, and the company maintained fiscal 2026 EPS guidance of $4.57 to $4.72.

Sanctuary Advisors LLC bought a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 144,301 shares of the utilities provider's stock, valued at approximately $10,429,000.

A number of other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Eversource Energy during the 2nd quarter worth approximately $4,433,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Eversource Energy in the second quarter valued at approximately $11,604,000. Magellan Asset Management Ltd purchased a new stake in Eversource Energy in the second quarter valued at approximately $248,397,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $341,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $6,141,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ES shares. Mizuho raised their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday, July 1st. Citigroup reissued a "hold" rating and set a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th. Argus lowered shares of Eversource Energy from a "buy" rating to a "hold" rating in a research note on Friday, June 12th. Finally, 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. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and an average target price of $72.92.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $71.24 on Tuesday. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.57. The company has a 50-day moving average price of $72.75 and a 200 day moving average price of $71.02. The company has a market cap of $26.84 billion, a P/E ratio of 18.46, a PEG ratio of 5.18 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

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

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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