Callan Family Office LLC Makes New $403,000 Investment in Eversource Energy $ES

Key Points

• Callan Family Office LLC made a new investment in Eversource Energy, purchasing 6,341 shares valued at approximately $403,000 during the second quarter.
• Analysts have updated their price targets for Eversource Energy, with Bank of America raising its price objective from $62.00 to $67.00 and Mizuho increasing their target from $68.00 to $72.00.
• Eversource Energy recently announced a quarterly dividend of $0.7525 per share, representing an annualized yield of 4.2%, with a dividend payout ratio of 129.18%.

Callan Family Office LLC bought a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,341 shares of the utilities provider's stock, valued at approximately $403,000.

Several other large investors also recently modified their holdings of ES. Thrive Wealth Management LLC increased its holdings in Eversource Energy by 3.6% in the second quarter. Thrive Wealth Management LLC now owns 5,445 shares of the utilities provider's stock worth $346,000 after purchasing an additional 189 shares in the last quarter. Sterling Investment Counsel LLC increased its holdings in Eversource Energy by 4.9% in the first quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider's stock worth $255,000 after purchasing an additional 190 shares in the last quarter. Penobscot Investment Management Company Inc. increased its holdings in Eversource Energy by 1.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 14,418 shares of the utilities provider's stock worth $917,000 after purchasing an additional 195 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Eversource Energy by 0.8% in the second quarter. Capital Investment Advisors LLC now owns 26,467 shares of the utilities provider's stock valued at $1,684,000 after acquiring an additional 210 shares during the period. Finally, Cromwell Holdings LLC grew its stake in Eversource Energy by 25.7% in the second quarter. Cromwell Holdings LLC now owns 1,042 shares of the utilities provider's stock valued at $66,000 after acquiring an additional 213 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ES has been the subject of a number of research reports. Janney Montgomery Scott reissued a "neutral" rating on shares of Eversource Energy in a research note on Monday. Bank of America raised their price objective on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Mizuho raised their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Eversource Energy in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $64.38.

Eversource Energy Stock Performance

NYSE:ES opened at $72.21 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $74.46. The firm has a market cap of $26.80 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.75 and a beta of 0.67. The business's fifty day moving average is $67.01 and its 200 day moving average is $64.11.

Eversource Energy (NYSE:ES - Get Free Report) last released 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 return on equity of 11.00% and a net margin of 6.60%.The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm'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. Research analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

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

Insiders Place Their Bets

In other Eversource Energy news, insider Loretta D. Keane bought 3,780 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the purchase, the insider directly owned 12,033 shares of the company's stock, valued at $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by corporate 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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