AMF Tjanstepension AB Acquires 101,969 Shares of Eversource Energy $ES

Key Points

• AMF Tjanstepension AB increased its stake in Eversource Energy by 71.3%, acquiring an additional 101,969 shares during the second quarter, bringing its total to approximately 244,990 shares valued at $15.6 million.
• In the first quarter, several institutional investors made significant changes to their Eversource holdings, including NBC Securities Inc., which boosted its holdings by 119,900.0%.
• Eversource Energy recently declared a quarterly dividend of $0.7525 per share, representing an annualized yield of 4.2%, despite a high dividend payout ratio of 129.18%.

AMF Tjanstepension AB grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 71.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 244,990 shares of the utilities provider's stock after purchasing an additional 101,969 shares during the quarter. AMF Tjanstepension AB owned approximately 0.07% of Eversource Energy worth $15,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. boosted its holdings in shares of Eversource Energy by 119,900.0% in the 1st quarter. NBC Securities Inc. now owns 2,400 shares of the utilities provider's stock valued at $149,000 after acquiring an additional 2,398 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of Eversource Energy by 34.4% in the 1st quarter. Merit Financial Group LLC now owns 8,243 shares of the utilities provider's stock valued at $512,000 after acquiring an additional 2,112 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of Eversource Energy in the 1st quarter valued at $215,000. Apella Capital LLC boosted its holdings in shares of Eversource Energy by 10.5% in the 1st quarter. Apella Capital LLC now owns 4,079 shares of the utilities provider's stock valued at $253,000 after acquiring an additional 389 shares during the last quarter. Finally, Thrive Wealth Management LLC purchased a new stake in shares of Eversource Energy in the 1st quarter valued at $326,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In related news, insider Loretta D. Keane purchased 3,780 shares of the company's stock in a transaction on Friday, August 22nd. The stock was acquired at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the transaction, the insider directly owned 12,033 shares in the company, valued at approximately $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America upped their price objective on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Mizuho upped their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Eversource Energy in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $64.38.

Eversource Energy Trading Up 1.0%

Shares of ES 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. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $73.48. The firm has a 50-day moving average price of $66.00 and a 200 day moving average price of $63.48. The firm has a market capitalization of $26.91 billion, a P/E ratio of 31.12, a P/E/G ratio of 2.70 and a beta of 0.67.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Eversource Energy's quarterly revenue was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Sell-side analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

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

Eversource Energy Company Profile

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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