Eversource Energy $ES Stake Increased by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Eversource Energy by 5.5%, owning 166,616 shares valued at approximately $10.6 million following the purchase of additional shares.
• Company insiders have also been active, with Loretta D. Keane purchasing 3,780 shares, raising her ownership to 12,033 shares valued at about $795,020.
• Eversource Energy announced a quarterly dividend of $0.7525 per share, reflecting an annualized dividend of $3.01, with a dividend yield of 4.5% and a payout ratio of 129.18%.

U.S. Capital Wealth Advisors LLC grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,616 shares of the utilities provider's stock after acquiring an additional 8,722 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Eversource Energy were worth $10,600,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. purchased a new position in Eversource Energy during the fourth quarter valued at $33,000. Rossby Financial LCC acquired a new stake in shares of Eversource Energy during the first quarter valued at about $34,000. First Financial Corp IN increased its position in shares of Eversource Energy by 3,529.4% during 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 during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Eversource Energy during the 1st quarter worth approximately $46,000. Finally, Golden State Wealth Management LLC increased its stake in Eversource Energy by 233.9% during the 1st quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock worth $52,000 after buying an additional 580 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eversource Energy

In other news, insider Loretta D. Keane purchased 3,780 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $66.07 per share, with a total value of $249,744.60. Following the purchase, the insider directly owned 12,033 shares of the company's stock, valued at approximately $795,020.31. This represents a 45.80% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ES shares. Bank of America upped their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Mizuho lifted their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $64.38.

Eversource Energy Trading Up 0.9%

Shares of Eversource Energy stock traded up $0.62 during mid-day trading on Monday, hitting $67.62. 6,796,679 shares of the stock were exchanged, compared to its average volume of 3,215,621. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.47. The stock has a market capitalization of $25.09 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 2.52 and a beta of 0.64. The company has a 50-day simple moving average of $65.14 and a 200 day simple moving average of $62.91. 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 (NYSE:ES - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (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 analysts' expectations of $3.01 billion. During the same period last year, the company earned $0.95 earnings per share. The company'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. Research analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a $0.7525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $3.01 annualized dividend and a yield of 4.5%. Eversource Energy's dividend payout ratio (DPR) is presently 129.18%.

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.