Leo Wealth LLC Makes New Investment in Eversource Energy $ES

Key Points

• Leo Wealth LLC has made a new investment in Eversource Energy, acquiring 4,015 shares valued at approximately $255,000 during the second quarter.
• Insider Loretta D. Keane purchased 3,780 shares of Eversource at an average price of $66.07, increasing her stake by 45.80%.
• Eversource Energy recently declared a quarterly dividend of $0.7525 per share, resulting in an annualized yield of 4.2%, with a dividend payout ratio of 129.18%.

Leo Wealth LLC bought a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,015 shares of the utilities provider's stock, valued at approximately $255,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Eversource Energy by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider's stock worth $2,792,559,000 after buying an additional 351,780 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Eversource Energy by 4.5% during the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider's stock worth $1,068,901,000 after buying an additional 739,448 shares in the last quarter. Magellan Asset Management Ltd raised its holdings in shares of Eversource Energy by 6.2% in the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider's stock valued at $427,090,000 after purchasing an additional 401,866 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Eversource Energy by 0.5% in the 1st quarter. Invesco Ltd. now owns 6,036,393 shares of the utilities provider's stock valued at $374,920,000 after purchasing an additional 32,304 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Eversource Energy by 3.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,702,415 shares of the utilities provider's stock valued at $354,177,000 after purchasing an additional 185,146 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of $66.07 per share, with a total value of $249,744.60. Following the transaction, the insider owned 12,033 shares of the company's stock, valued at approximately $795,020.31. This trade represents a 45.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company's stock.

Eversource Energy Trading Down 0.1%

NYSE ES opened at $72.31 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. The firm's fifty day moving average price is $66.69 and its 200 day moving average price is $63.89. The company has a market capitalization of $26.83 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $74.46.

Eversource Energy (NYSE:ES - Get Free Report) last posted its 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. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The company's revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, September 22nd. Eversource Energy's dividend payout ratio (DPR) is presently 129.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ES. Mizuho raised their price objective 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. Weiss Ratings restated a "hold (c)" rating on shares of Eversource Energy in a report on Wednesday. Finally, Bank of America raised their price objective 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. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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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