4,512 Shares in Eversource Energy $ES Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC has invested approximately $280,000 in Eversource Energy, acquiring 4,512 shares of the company.
• Eversource Energy recently announced a quarterly dividend of $0.7525 per share, reflecting an annual yield of 4.6% with a payout ratio of 129.18%.
$0.96, slightly surpassing analyst estimates of $0.95, despite revenues being below forecast at $2.84 billion.

Integrity Alliance LLC. acquired a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,512 shares of the utilities provider's stock, valued at approximately $280,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC lifted its holdings in shares of Eversource Energy by 4.9% during the first quarter. Ballentine Partners LLC now owns 5,934 shares of the utilities provider's stock valued at $369,000 after acquiring an additional 277 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Eversource Energy by 105.6% during the first quarter. Farther Finance Advisors LLC now owns 4,623 shares of the utilities provider's stock valued at $287,000 after acquiring an additional 2,374 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Eversource Energy by 233.9% during the first quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 580 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Eversource Energy by 14.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,402 shares of the utilities provider's stock valued at $4,124,000 after acquiring an additional 8,616 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Eversource Energy by 5.6% during the first quarter. Assenagon Asset Management S.A. now owns 13,942 shares of the utilities provider's stock valued at $866,000 after acquiring an additional 734 shares during the period. 79.99% of the stock is owned by institutional investors.

Eversource Energy Price Performance

Shares of NYSE:ES traded up $0.62 during midday trading on Thursday, reaching $63.92. The company's stock had a trading volume of 3,176,743 shares, compared to its average volume of 2,521,135. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $68.17. The company has a market capitalization of $23.72 billion, a P/E ratio of 27.43, a P/E/G ratio of 2.38 and a beta of 0.64. 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 business's fifty day simple moving average is $65.07 and its 200-day simple moving average is $62.76.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company posted $0.95 earnings per share. The firm's quarterly 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. As a group, equities research analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

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 $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, September 22nd. Eversource Energy's dividend payout ratio (DPR) is presently 129.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ES shares. Mizuho lifted their price objective on 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 raised their target price on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Three 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $64.38.

Insider Buying and Selling

In other news, insider Loretta D. Keane acquired 3,780 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 12,033 shares in the company, valued at $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by 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.