Integrity Alliance LLC. Invests $280,000 in Eversource Energy $ES

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 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,512 shares of the utilities provider's stock, valued at approximately $280,000.

Several other hedge funds have also recently made changes to their positions in ES. Ameriprise Financial Inc. raised its holdings in shares of Eversource Energy by 7.4% during the fourth quarter. Ameriprise Financial Inc. now owns 130,525 shares of the utilities provider's stock valued at $7,494,000 after purchasing an additional 8,995 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Eversource Energy by 46.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,723 shares of the utilities provider's stock valued at $4,060,000 after purchasing an additional 22,421 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Eversource Energy by 14.0% during the fourth quarter. Millennium Management LLC now owns 760,187 shares of the utilities provider's stock valued at $43,658,000 after purchasing an additional 93,247 shares during the last quarter. NorthRock Partners LLC raised its holdings in shares of Eversource Energy by 81.7% during the fourth quarter. NorthRock Partners LLC now owns 8,178 shares of the utilities provider's stock valued at $470,000 after purchasing an additional 3,678 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Eversource Energy during the fourth quarter valued at approximately $693,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Performance

Eversource Energy stock opened at $65.65 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.63. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $68.73. The firm has a market capitalization of $24.37 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. The company's 50-day moving average is $65.15 and its 200 day moving average is $62.72.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data 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 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 quarter last year, the business posted $0.95 EPS. The firm's revenue for the quarter 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 4.6%. Eversource Energy's dividend payout ratio (DPR) is 129.18%.

Insider Activity

In other news, insider Loretta D. Keane acquired 3,780 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 12,033 shares in the company, valued at approximately $795,020.31. This represents a 45.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on ES. Bank of America upped their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Mizuho upped their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $64.38.

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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