LifeWealth Investments LLC Acquires Shares of 5,857 Eversource Energy $ES

Key Points

• LifeWealth Investments LLC has acquired 5,857 shares of Eversource Energy, valued at approximately $373,000, during the second quarter, according to SEC disclosures.
• Insider Loretta D. Keane purchased 3,780 shares at an average price of $66.07 per share, increasing her ownership in the company by 45.80%.
• Eversource Energy announced a quarterly dividend of $0.7525, representing an annual yield of 4.1%, with a payout ratio of 129.18%.

LifeWealth Investments LLC acquired a new stake in Eversource Energy (NYSE:ES - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,857 shares of the utilities provider's stock, valued at approximately $373,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its stake in Eversource Energy by 4.9% in 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 last quarter. Hilltop National Bank bought a new position in shares of Eversource Energy during the second quarter worth $32,000. Golden State Wealth Management LLC boosted its position 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 worth $52,000 after purchasing an additional 580 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position 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 worth $4,124,000 after purchasing an additional 8,616 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Eversource Energy by 60.7% during the second quarter. Truist Financial Corp now owns 34,696 shares of the utilities provider's stock worth $2,207,000 after purchasing an additional 13,112 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Loretta D. Keane purchased 3,780 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the purchase, the insider 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ES. Janney Montgomery Scott reissued a "neutral" rating on shares of Eversource Energy in a research report on Monday, October 13th. Mizuho lifted their price target 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. TD Cowen assumed coverage on shares of Eversource Energy in a research report on Thursday, October 16th. They issued a "hold" rating and a $76.00 price objective on the stock. Jefferies Financial Group boosted their price objective on shares of Eversource Energy from $54.00 to $60.00 and gave the company an "underperform" rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Eversource Energy in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and an average target price of $69.11.

Eversource Energy Stock Down 0.2%

Eversource Energy stock opened at $73.08 on Thursday. The firm has a market capitalization of $27.12 billion, a PE ratio of 31.36, a P/E/G ratio of 2.85 and a beta of 0.67. The company's 50-day moving average is $67.70 and its 200-day moving average is $64.50. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $74.46. 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 (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. Eversource Energy's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.7525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a yield of 4.1%. Eversource Energy's dividend 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.

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