Camelot Portfolios LLC Grows Stake in Eversource Energy $ES

Key Points

• Camelot Portfolios LLC increased its stake in Eversource Energy by 36.8%, owning 26,845 shares valued at approximately $1.7 million, making it their 23rd largest holding.
• Eversource Energy's recent earnings report showed earnings per share of $0.96, slightly exceeding analyst expectations, with revenue of $2.84 billion, down from expectations of $3.01 billion.
• The company announced a quarterly dividend of $0.7525 per share, which results in an annual yield of 4.3%, despite having a high payout ratio of 129.18%.

Camelot Portfolios LLC increased its position in Eversource Energy (NYSE:ES - Free Report) by 36.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,845 shares of the utilities provider's stock after purchasing an additional 7,228 shares during the quarter. Eversource Energy makes up about 1.0% of Camelot Portfolios LLC's investment portfolio, making the stock its 23rd largest holding. Camelot Portfolios LLC's holdings in Eversource Energy were worth $1,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rossby Financial LCC bought a new position in Eversource Energy during the 1st quarter valued at about $34,000. First Financial Corp IN lifted its position in shares of Eversource Energy by 3,529.4% in the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 600 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Eversource Energy in the first quarter valued at about $46,000. Golden State Wealth Management LLC lifted its position in shares of Eversource Energy by 233.9% in the first quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 580 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its position in shares of 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 buying an additional 254 shares in the last quarter. Institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 1.9%

ES stock opened at $69.80 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 $69.97. The stock has a market cap of $25.90 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.62 and a beta of 0.64. The business's 50-day moving average is $65.48 and its 200 day moving average is $63.13.

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

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a $0.7525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a yield of 4.3%. Eversource Energy's payout ratio is presently 129.18%.

Insider Transactions at Eversource Energy

In other Eversource Energy 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 price of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ES. Bank of America upped their target price 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 increased their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Eversource Energy currently has a consensus rating of "Hold" and a consensus price target of $64.38.

Eversource Energy 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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