Dynamic Technology Lab Private Ltd Buys Shares of 16,007 Eversource Energy $ES

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $994,000 in Eversource Energy by acquiring 16,007 shares in the 1st quarter.
• Several institutional investors have increased their stakes in Eversource Energy, with First Financial Corp IN making a significant boost of 3,529.4% during the same period.
• Eversource Energy recently reported an earnings per share of $0.96, exceeding analyst expectations, while forecasting a FY 2025 EPS between 4.670 and 4.820.

Dynamic Technology Lab Private Ltd acquired a new stake in Eversource Energy (NYSE:ES - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,007 shares of the utilities provider's stock, valued at approximately $994,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Eversource Energy by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider's stock valued at $2,792,559,000 after purchasing an additional 351,780 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Eversource Energy by 4.5% in the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider's stock valued at $1,068,901,000 after purchasing an additional 739,448 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in Eversource Energy by 6.2% in the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider's stock valued at $427,090,000 after purchasing an additional 401,866 shares in the last quarter. Invesco Ltd. lifted its holdings in Eversource Energy by 0.5% in the 1st quarter. Invesco Ltd. now owns 6,036,393 shares of the utilities provider's stock valued at $374,920,000 after purchasing an additional 32,304 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Eversource Energy by 11.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,517,269 shares of the utilities provider's stock valued at $316,857,000 after purchasing an additional 561,055 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 0.9%

Shares of NYSE:ES traded up $0.60 during midday trading on Friday, reaching $65.65. 2,168,881 shares of the company's stock were exchanged, compared to its average volume of 2,362,623. The firm's 50 day simple moving average is $65.15 and its two-hundred day simple moving average is $62.72. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.63. The stock has a market cap 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. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $68.73.

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

Eversource Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ES shares. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Mizuho raised their target price on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Finally, Bank of America raised their target price on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $64.38.

Insider Activity

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost 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. This trade represents a 45.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company's stock.

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.