Mn Services Vermogensbeheer B.V. Has $8.73 Million Holdings in Eversource Energy $ES

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Eversource Energy by 8.6% during the second quarter, buying an additional 10,900 shares for a total holding valued at approximately $8.73 million.
• Several institutional investors have raised their stakes in Eversource Energy, with Vanguard Group and Wellington Management Group notably increasing their positions during the first quarter.
• The company's recent quarterly earnings report showed an EPS of $0.96, exceeding expectations, while Eversource has set its FY 2025 guidance at 4.670-4.820 EPS.

Mn Services Vermogensbeheer B.V. increased its stake in Eversource Energy (NYSE:ES - Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,189 shares of the utilities provider's stock after purchasing an additional 10,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Eversource Energy were worth $8,728,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Tompkins Financial Corp lifted its holdings in shares of Eversource Energy by 5,066.7% in the 2nd quarter. Tompkins Financial Corp now owns 3,875 shares of the utilities provider's stock worth $247,000 after purchasing an additional 3,800 shares during the last quarter. Swedbank AB increased its position in Eversource Energy by 9.8% in the 2nd quarter. Swedbank AB now owns 651,091 shares of the utilities provider's stock valued at $41,422,000 after acquiring an additional 58,120 shares during the period. Central Valley Advisors LLC acquired a new stake in Eversource Energy in the 2nd quarter valued at approximately $1,490,000. Thrive Wealth Management LLC increased its position in Eversource Energy by 3.6% in the 2nd quarter. Thrive Wealth Management LLC now owns 5,445 shares of the utilities provider's stock valued at $346,000 after acquiring an additional 189 shares during the period. Finally, Czech National Bank increased its position in Eversource Energy by 6.6% in the 2nd quarter. Czech National Bank now owns 89,801 shares of the utilities provider's stock valued at $5,713,000 after acquiring an additional 5,557 shares during the period. Institutional investors own 79.99% of the company's stock.

Analyst Upgrades and Downgrades

ES has been the topic of several analyst reports. Mizuho raised their target price on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Bank of America boosted their price objective 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 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $64.38.

Insider Transactions at Eversource Energy

In other news, insider Loretta D. Keane acquired 3,780 shares of Eversource Energy stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $66.07 per share, with a total value of $249,744.60. Following the completion of the transaction, the insider owned 12,033 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.41% of the company's stock.

Eversource Energy Stock Up 4.9%

Shares of Eversource Energy stock traded up $3.13 during midday trading on Friday, hitting $67.01. The company's stock had a trading volume of 13,697,735 shares, compared to its average volume of 2,607,151. The firm has a market capitalization of $24.87 billion, a P/E ratio of 28.76, a PEG ratio of 2.52 and a beta of 0.64. The stock has a 50-day simple moving average of $65.10 and a 200-day simple moving average of $62.84. 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 has a 1-year low of $52.28 and a 1-year high of $69.47.

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

Eversource Energy Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.01 dividend on an annualized basis 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.