International Private Wealth Advisors LLC Invests $319,000 in Eversource Energy $ES

Key Points

• International Private Wealth Advisors LLC has invested approximately $319,000 in Eversource Energy, acquiring 5,014 shares of the company's stock in the second quarter.
• Eversource Energy's recent quarterly earnings data showed earnings per share of $0.96, slightly surpassing analysts' expectations, with a revenue of $2.84 billion.
• The company has announced a quarterly dividend of $0.7525 per share, resulting in an annualized dividend yield of 4.7%.

International Private Wealth Advisors LLC acquired a new stake in shares of Eversource Energy (NYSE:ES - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,014 shares of the utilities provider's stock, valued at approximately $319,000.

Several other institutional investors have also recently modified their holdings of ES. Ameriprise Financial Inc. raised its stake in shares of Eversource Energy by 7.4% in the fourth quarter. Ameriprise Financial Inc. now owns 130,525 shares of the utilities provider's stock worth $7,494,000 after purchasing an additional 8,995 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Eversource Energy by 49.2% in the fourth quarter. Tidal Investments LLC now owns 20,663 shares of the utilities provider's stock worth $1,187,000 after purchasing an additional 6,814 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Eversource Energy by 1,079.0% in the fourth quarter. Two Sigma Advisers LP now owns 95,500 shares of the utilities provider's stock worth $5,485,000 after purchasing an additional 87,400 shares during the last quarter. Vident Advisory LLC raised its position in Eversource Energy by 746.6% during the fourth quarter. Vident Advisory LLC now owns 34,897 shares of the utilities provider's stock valued at $2,004,000 after acquiring an additional 30,775 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Eversource Energy during the fourth quarter valued at approximately $1,264,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ES has been the subject of several recent research reports. Bank of America lifted their price target on Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Mizuho lifted their price target on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $64.38.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was acquired 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 of the company's stock, valued at $795,020.31. This represents a 45.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by company insiders.

Eversource Energy Price Performance

Shares of Eversource Energy stock traded up $1.17 on Tuesday, reaching $68.83. The company's stock had a trading volume of 1,015,651 shares, compared to its average volume of 2,752,003. The company has a market capitalization of $25.54 billion, a P/E ratio of 29.48, a PEG ratio of 2.52 and a beta of 0.64. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.47. The stock has a 50-day moving average price of $65.14 and a 200-day moving average price of $62.91. 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 posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, beating analysts' consensus estimates 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%.The business's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be given 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 4.4%. Eversource Energy's payout ratio is 129.18%.

About Eversource Energy

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.