Royal Fund Management 13F: New $2.3M Stake in ES

Royal Fund Management opened a new position in Eversource Energy ES, acquiring 36,552 shares valued at roughly $2.35 million. According to a Form 13F filed with the SEC on October 22, 2026, the firm added the utility operator to its portfolio during the period.

ES Eversource Energy

$67.84 ▲ +3.13% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Royal Fund Management's Eversource Energy Position

The newly established holding consists of 36,552 shares. Because this is a brand-new position for the fund, there was no prior stake reported for the previous quarter.

Other Institutional Activity in Eversource Energy

Other large investors adjusted their holdings in the utility provider as well. Gleason Group exited its position entirely by selling 304 shares, dropping its holdings to zero. Brookfield slashed its stake by 70.15%, selling 666,393 shares to end with 283,532 shares worth about $20.49 million. On the buying side, AQR Capital Management, LLC grew its holdings by 6,739,826 shares, ending with 10,684,244 shares worth roughly $724.82 million. Victory Capital Management Inc. raised its stake by 16.9%, picking up 1,235,381 shares to hold 8,553,991 shares valued at about $580.30 million.

Eversource Energy Stock Up 3.7%

The company closed at $67.84 on October 22, 2026. The stock recently traded around $67.84 as of October 23, 2026, which is about equal to its closing price on the filing date.

Recent Earnings

Eversource Energy reported trailing-twelve-month revenue of $13.99 billion and earnings of $3.87 per share. The utility provider posted a net profit margin of 10.4% and a return on equity of 9.0%. Its revenue grew at a year-over-year rate of 2.3%. The company is scheduled to report its next batch of earnings on November 4, 2026.

Dividend

Eversource Energy pays an annual dividend rate of $3.15 per share, yielding 4.8%. The company pays out 65.1% of its earnings as dividends.

Insider Buying and Selling at Eversource Energy

Company insiders made several transactions leading up to the filing. Officer Penelope M Conner sold 1,400 shares on March 4, 2026, at $75.00 per share for a total value of $105,000. Trustee Warren Robert Mudge purchased 750 shares on May 8, 2026, at $66.48 per share, totaling $49,864. General Counsel Gregory B Butler sold 7,000 shares on June 4, 2026, at $69.88 per share for a total value of $489,160. Later, Penelope M Conner sold 3,000 shares on August 25, 2026, for a total of $213,900.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. Wells Fargo maintained an Overweight rating with a target of $76.00 on July 2, 2026. BMO Capital maintained a Market Perform rating and adjusted its target to $72.00 on July 22, 2026. Mizuho maintained a Neutral rating with a target of $74.00 on August 3, 2026. JP Morgan maintained an Underweight rating with a price target of $68.00 on October 19, 2026. Finally, HSBC initiated coverage with a Hold rating and a $70.00 price target on October 22, 2026. Analysts currently give the stock a consensus hold rating with a mean target price of $72.00.

About Eversource Energy

Headquartered in Springfield, Massachusetts, Eversource Energy operates as a public utility holding company focused on energy delivery. The business manages electric distribution, electric transmission, natural gas distribution, and water distribution segments. It transmits and distributes electricity, operates solar power facilities, and supplies natural gas to customers.

Bottom Line

Investors will look toward the company's upcoming earnings report on November 4, 2026, for updates on financial performance and operational guidance. Future regulatory filings will show whether institutional interest in the utility provider continues to shift.