Connor Clark & Lunn Investment Management Ltd. Takes Position in Eversource Energy $ES

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Eversource Energy (NYSE:ES) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 61,346 shares of the utilities provider’s stock, valued at approximately $4,433,000.

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

Eversource Energy Stock Performance

Shares of ES opened at $70.86 on Friday. The stock has a market capitalization of $26.69 billion, a P/E ratio of 18.36, a P/E/G ratio of 5.29 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a 1 year low of $62.45 and a 1 year high of $76.57. The company’s fifty day moving average is $72.86 and its two-hundred day moving average is $71.09.

Eversource Energy (NYSE:ES) last issued its earnings results 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 net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm earned $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. On average, sell-side analysts predict that Eversource Energy will post 4.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. BMO Capital Markets decreased their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. 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. Capital One Financial set a $73.00 price objective on Eversource Energy in a research note on Wednesday, July 1st. Finally, Mizuho increased their price objective 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 research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.92.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.