Eversource Energy $ES Shares Purchased by Great Oak Capital Partners LLC

Key Points

• Great Oak Capital Partners LLC increased its stake in Eversource Energy by 22.5% in the second quarter, acquiring an additional 3,896 shares, bringing its total ownership to 21,246 shares valued at approximately $1.4 million.
• Insider Loretta D. Keane purchased 3,780 shares at $66.07 each on August 22nd, increasing her stake in Eversource Energy by 45.80%.
• Analysts have set a consensus target price of $64.38 for Eversource Energy, with ratings ranging from Buy to Sell, highlighting mixed investor sentiment about the stock's performance.

Great Oak Capital Partners LLC increased its stake in Eversource Energy (NYSE:ES - Free Report) by 22.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,246 shares of the utilities provider's stock after acquiring an additional 3,896 shares during the quarter. Eversource Energy makes up about 0.4% of Great Oak Capital Partners LLC's portfolio, making the stock its 17th biggest holding. Great Oak Capital Partners LLC's holdings in Eversource Energy were worth $1,396,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ES. Rossby Financial LCC acquired a new position in shares of Eversource Energy during the 1st quarter worth about $34,000. First Financial Corp IN increased its stake in Eversource Energy by 3,529.4% during the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock worth $38,000 after buying an additional 600 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Eversource Energy during the first quarter valued at approximately $46,000. 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 valued at $51,000 after acquiring an additional 254 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in Eversource Energy by 233.9% in the 1st quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 580 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Loretta D. Keane purchased 3,780 shares of the business's stock in a transaction dated 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 acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on ES. Bank of America lifted 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 raised 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 analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Eversource Energy currently has an average rating of "Hold" and a consensus target price of $64.38.

Eversource Energy Stock Down 0.3%

Shares of NYSE:ES opened at $69.19 on Thursday. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.64. The stock has a market cap of $25.68 billion, a P/E ratio of 29.70, a PEG ratio of 2.61 and a beta of 0.64. The business has a fifty day moving average of $65.32 and a two-hundred day moving average of $63.00. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67.

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 for the quarter, beating the consensus estimate of $0.95 by $0.01. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The company's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, research 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. Stockholders of record on Monday, September 22nd will be paid a $0.7525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.01 annualized dividend and a dividend yield of 4.4%. Eversource Energy's dividend payout ratio is 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.

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