111 Capital Boosts Position in Eversource Energy $ES

Key Points

• 111 Capital increased its holdings in Eversource Energy by 41.5% during the 2nd quarter, now owning 13,396 shares worth approximately $852,000.
• Recent research reports saw Mizuho and Bank of America raise their price targets for Eversource Energy from $68.00 to $72.00 and $62.00 to $67.00, respectively.
• Eversource Energy has declared a quarterly dividend of $0.7525 per share, with a significant annualized yield of 4.2% and a payout ratio of 129.18%.

111 Capital grew its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 41.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,396 shares of the utilities provider's stock after buying an additional 3,931 shares during the period. 111 Capital's holdings in Eversource Energy were worth $852,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hilltop National Bank bought a new stake in shares of Eversource Energy during the second quarter valued at approximately $32,000. Rossby Financial LCC purchased a new stake in Eversource Energy in the first quarter worth $34,000. Zions Bancorporation National Association UT purchased a new stake in Eversource Energy in the first quarter worth $46,000. Golden State Wealth Management LLC grew its stake in Eversource Energy by 233.9% in the first quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock worth $52,000 after purchasing an additional 580 shares during the period. Finally, Cromwell Holdings LLC grew its stake in Eversource Energy by 44.2% in the first quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider's stock worth $51,000 after purchasing an additional 254 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ES has been the topic of several recent research reports. Mizuho upped their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Eversource Energy in a research note on Saturday, September 27th. Finally, Bank of America upped their price target on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $64.38.

Eversource Energy Trading Up 1.0%

Eversource Energy stock opened at $72.52 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. The business's fifty day simple moving average is $66.00 and its two-hundred day simple moving average is $63.49. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $73.48. The company has a market capitalization of $26.91 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, September 22nd. Eversource Energy's dividend payout ratio is presently 129.18%.

Insider Activity

In other Eversource Energy news, insider Loretta D. Keane purchased 3,780 shares of the stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $66.07 per share, with a total value of $249,744.60. Following the completion of the acquisition, the insider directly owned 12,033 shares in the company, valued at $795,020.31. This trade represents a 45.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.

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