First Hawaiian Bank Purchases 5,708 Shares of Eversource Energy $ES

Key Points

• First Hawaiian Bank increased its holdings in Eversource Energy by 68.2%, acquiring an additional 5,708 shares, bringing their total to 14,079 shares valued at approximately $874,000.
• Eversource Energy reported a quarterly EPS of $0.96, surpassing analysts' expectations of $0.95, and noted a 12% year-over-year revenue growth, totaling $2.84 billion for the quarter.
• The company declared a quarterly dividend of $0.7525, with a payout ratio of 129.18%, and a dividend yield of 4.6%, with the payment scheduled for September 30th to shareholders of record on September 22nd.

First Hawaiian Bank boosted its holdings in Eversource Energy (NYSE:ES - Free Report) by 68.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,079 shares of the utilities provider's stock after buying an additional 5,708 shares during the period. First Hawaiian Bank's holdings in Eversource Energy were worth $874,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sterling Investment Counsel LLC increased its position in shares of Eversource Energy by 4.9% during the first quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider's stock worth $255,000 after acquiring an additional 190 shares in the last quarter. Plato Investment Management Ltd raised its stake in Eversource Energy by 0.4% in the 1st quarter. Plato Investment Management Ltd now owns 55,939 shares of the utilities provider's stock worth $3,512,000 after purchasing an additional 215 shares in the last quarter. Retirement Planning Co of New England Inc. raised its stake in Eversource Energy by 5.6% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 4,190 shares of the utilities provider's stock worth $260,000 after purchasing an additional 223 shares in the last quarter. Ascent Group LLC raised its position in shares of Eversource Energy by 1.2% in the 4th quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider's stock valued at $1,129,000 after buying an additional 230 shares in the last quarter. Finally, Advisor OS LLC raised its position in shares of Eversource Energy by 4.2% in the 1st quarter. Advisor OS LLC now owns 5,694 shares of the utilities provider's stock valued at $354,000 after buying an additional 232 shares in the last quarter. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $65.65 on Monday. The stock has a market cap of $24.36 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.47 and a beta of 0.64. The stock's 50-day moving average is $65.15 and its 200 day moving average is $62.72. 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 has a 1-year low of $52.28 and a 1-year high of $68.73.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the business posted $0.95 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business 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 is Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy's payout ratio is currently 129.18%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ES shares. Mizuho lifted their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Bank of America increased 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. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $64.38.

Insider Activity at Eversource Energy

In related news, insider Loretta D. Keane purchased 3,780 shares of Eversource Energy stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the purchase, the insider directly owned 12,033 shares of the company's stock, valued at $795,020.31. The trade was a 45.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is owned by corporate insiders.

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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