5,181 Shares in Eversource Energy $ES Bought by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC invested approximately $322,000 in Eversource Energy, acquiring 5,181 shares as reported in their recent 13F filing.
• Eversource Energy's stock is currently valued at $62.87, with a twelve-month range between $52.28 and $68.73, and a market cap of $23.33 billion.
• Analyst ratings on Eversource Energy show a consensus of "Hold" with a target price of $64.38, indicating mixed opinions on its future performance.

MBB Public Markets I LLC acquired a new position in Eversource Energy (NYSE:ES - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,181 shares of the utilities provider's stock, valued at approximately $322,000.

Several other institutional investors also recently modified their holdings of the stock. Ascent Group LLC increased its position in shares of Eversource Energy by 7.6% in the first quarter. Ascent Group LLC now owns 21,161 shares of the utilities provider's stock worth $1,314,000 after purchasing an additional 1,498 shares during the last quarter. United Services Automobile Association bought a new position in shares of Eversource Energy in the first quarter worth approximately $520,000. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Eversource Energy by 3.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 232,239 shares of the utilities provider's stock worth $14,424,000 after purchasing an additional 8,504 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Eversource Energy in the first quarter worth approximately $1,031,000. Finally, Hamilton Capital LLC increased its position in shares of Eversource Energy by 9.6% in the first quarter. Hamilton Capital LLC now owns 4,102 shares of the utilities provider's stock worth $255,000 after purchasing an additional 358 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ES shares. Bank of America increased their price target on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Mizuho increased their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the company 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $64.38.

Insider Buying and Selling at Eversource Energy

In related news, insider Loretta D. Keane acquired 3,780 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was purchased at an average price of $66.07 per share, with a total value of $249,744.60. Following the completion of the purchase, the insider owned 12,033 shares in the company, valued at $795,020.31. This trade represents a 45.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.19% of the company's stock.

Eversource Energy Price Performance

NYSE ES traded up $0.60 on Friday, reaching $65.65. 2,168,881 shares of the company's stock traded hands, compared to its average volume of 2,355,376. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $68.73. 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 stock has a 50-day simple moving average of $65.15 and a 200 day simple moving average of $62.72. The stock has a market cap of $24.36 billion, a PE ratio of 28.18, a P/E/G ratio of 2.47 and a beta of 0.64.

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, beating analysts' consensus estimates of $0.95 by $0.01. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, September 22nd. Eversource Energy's dividend payout ratio is 129.18%.

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.