Sanctuary Advisors LLC Takes $10.43 Million Position in Eversource Energy $ES

Sanctuary Advisors LLC acquired a new stake in Eversource Energy (NYSE:ES) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 144,301 shares of the utilities provider’s stock, valued at approximately $10,429,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund grew its position in Eversource Energy by 1.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after buying an additional 140 shares during the period. CX Institutional lifted its position in shares of Eversource Energy by 4.3% during the 2nd quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 144 shares during the period. Bank & Trust Co boosted its stake in shares of Eversource Energy by 2.0% during the 2nd quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock worth $539,000 after acquiring an additional 149 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Eversource Energy by 1.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock worth $807,000 after acquiring an additional 160 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Eversource Energy by 1.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock worth $975,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES stock 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 stock’s fifty day simple moving average is $72.75 and its 200-day simple moving average is $71.02. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $26.84 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS 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 firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. 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. Equities research analysts expect that Eversource Energy will post 4.64 EPS for the current year.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction dated Thursday, June 4th. The stock was 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 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 filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ES has been the subject of several research analyst reports. Mizuho raised their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. BMO Capital Markets decreased their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. 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 report on Thursday, July 2nd. Citigroup restated a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Finally, Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Four research 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’s stock. According to data from MarketBeat, the company currently 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.