Centennial Wealth Advisory LLC Makes New $512,000 Investment in Eversource Energy $ES

Key Points

• Centennial Wealth Advisory LLC invested approximately $512,000 in Eversource Energy, acquiring 8,046 shares during the second quarter.
• Eversource Energy reported $0.96 earnings per share for the last quarter, slightly exceeding analysts' expectations, with revenue of $2.84 billion.
• The company announced a quarterly dividend of $0.7525 per share, equating to a 4.3% yield, with the dividend payout ratio at 129.18%.

Centennial Wealth Advisory LLC acquired 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 Securities & Exchange Commission. The fund acquired 8,046 shares of the utilities provider's stock, valued at approximately $512,000.

Other large investors also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new stake in Eversource Energy during the first quarter worth approximately $34,000. First Financial Corp IN increased its stake in Eversource Energy by 3,529.4% during the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock worth $38,000 after acquiring an additional 600 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Eversource Energy during the first quarter worth approximately $46,000. Golden State Wealth Management LLC increased its stake in Eversource Energy by 233.9% during the first quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock worth $52,000 after acquiring an additional 580 shares during the last quarter. Finally, Cromwell Holdings LLC increased its stake in Eversource Energy by 44.2% during the first quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider's stock worth $51,000 after acquiring an additional 254 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Up 1.0%

Shares of NYSE ES opened at $70.47 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. The firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.62 and a beta of 0.64. The stock has a 50 day moving average price of $65.58 and a 200 day moving average price of $63.22. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $70.64.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.Eversource Energy's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Sell-side analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business 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 dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, September 22nd. Eversource Energy's dividend payout ratio (DPR) is 129.18%.

Wall Street Analysts Forecast Growth

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 upped their target price on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Eversource Energy presently has an average rating of "Hold" and an average target price of $64.38.

Insider Transactions at Eversource Energy

In related news, insider Loretta D. Keane bought 3,780 shares of the company's stock in a transaction on Friday, August 22nd. The shares were acquired at an average price of $66.07 per share, with a total value of $249,744.60. Following the transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.

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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