Van ECK Associates Corp Has $12.30 Million Holdings in Eversource Energy $ES

Key Points

• Van ECK Associates increased its Eversource Energy stake by 12% in the second quarter, bringing its holdings to 170,234 shares valued at approximately $12.3 million. Institutional investors and hedge funds collectively own 79.99% of the stock.
• Eversource reported quarterly EPS of $0.87, matching analyst expectations, while revenue rose 2.3% year over year to $2.90 billion but fell short of the $2.99 billion consensus estimate. The company maintained fiscal 2026 EPS guidance of $4.57–$4.72.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $72.92, compared with shares trading near $70.30. An executive also sold 7,000 shares, reducing insider ownership, which stands at just 0.18%.

Van ECK Associates Corp raised its stake in Eversource Energy (NYSE:ES - Free Report) by 12.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,234 shares of the utilities provider's stock after purchasing an additional 18,294 shares during the period. Van ECK Associates Corp's holdings in Eversource Energy were worth $12,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nissay Asset Management Corp Japan lifted its stake in shares of Eversource Energy by 3.4% in the second quarter. Nissay Asset Management Corp Japan now owns 52,864 shares of the utilities provider's stock valued at $3,820,000 after buying an additional 1,749 shares during the period. Navellier & Associates Inc. increased its stake in Eversource Energy by 34.3% during the second quarter. Navellier & Associates Inc. now owns 15,474 shares of the utilities provider's stock valued at $1,118,000 after acquiring an additional 3,950 shares during the period. Hsbc Holdings PLC increased its stake in Eversource Energy by 2.8% during the second quarter. Hsbc Holdings PLC now owns 3,759,955 shares of the utilities provider's stock valued at $272,105,000 after acquiring an additional 103,215 shares during the period. Kingsview Wealth Management LLC bought a new position in Eversource Energy during the second quarter valued at about $262,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Eversource Energy in the 2nd quarter valued at approximately $919,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company's stock in a transaction 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. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Eversource Energy Stock Down 0.8%

Shares of ES opened at $70.30 on Tuesday. The stock has a market cap of $26.48 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 5.22 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 has a 12 month low of $62.45 and a 12 month high of $76.57. The company has a 50-day moving average price of $72.89 and a two-hundred day moving average price of $71.12.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company posted $0.96 EPS. The company's 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. Equities analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ES. Mizuho lifted their price objective on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wells Fargo & Company upped their target price on Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Capital One Financial set a $73.00 target price on Eversource Energy in a research report on Wednesday, July 1st. Citigroup reaffirmed a "hold" rating and issued a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Finally, Argus lowered shares of Eversource Energy from a "buy" rating to a "hold" rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Eversource Energy has a consensus rating of "Hold" and a consensus 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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