16,605 Shares in Eversource Energy $ES Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP has made a new investment in Eversource Energy, acquiring 16,605 shares valued at approximately $1.03 million.
• Eversource Energy reported $0.96 earnings per share for the last quarter, slightly beating expectations, but its revenue fell short of analyst estimates at $2.84 billion.
• Multiple analysts have upgraded Eversource Energy, with Mizuho raising its target price from $68.00 to $72.00 and maintaining an "outperform" rating.

Caxton Associates LLP bought a new stake in shares of Eversource Energy (NYSE:ES - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,605 shares of the utilities provider's stock, valued at approximately $1,031,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinney & Scofield Inc. purchased a new position in shares of Eversource Energy in the 4th quarter worth approximately $33,000. Rossby Financial LCC purchased a new position in Eversource Energy in the 1st quarter valued at approximately $34,000. CoreCap Advisors LLC increased its position in shares of Eversource Energy by 168.7% during the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after buying an additional 383 shares during the period. First Financial Corp IN boosted its holdings in Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 600 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Eversource Energy in the first quarter valued at approximately $46,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 0.9%

ES traded up $0.60 during trading on Friday, reaching $65.65. The stock had a trading volume of 2,168,881 shares, compared to its average volume of 2,362,623. 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 company has a market capitalization of $24.37 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.44 and a beta of 0.64. The stock's 50 day moving average is $65.15 and its two-hundred day moving average is $62.73. Eversource Energy has a one year low of $52.28 and a one year high of $68.73.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.60% and a return on equity of 11.00%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous 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. As a group, analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.7525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a yield of 4.6%. Eversource Energy's payout ratio is presently 129.18%.

Insider Transactions at Eversource Energy

In other news, insider Loretta D. Keane acquired 3,780 shares of Eversource Energy 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 purchase, the insider owned 12,033 shares in the company, valued at $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Bank of America increased their price objective on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Mizuho lifted their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Eversource Energy currently has an average rating of "Hold" and an average target price of $64.38.

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.