McIlrath & Eck LLC Has $343,000 Stock Holdings in Eversource Energy $ES

Key Points

• McIlrath & Eck LLC significantly increased its stake in Eversource Energy by 9,415.5% in Q1, now owning 5,519 shares valued at approximately $343,000.
• A variety of institutional investors, including Nuveen LLC and GAMMA Investing LLC, have also recently made substantial investments in Eversource Energy, with around 79.99% of the stock owned by hedge funds and institutional investors.
• Eversource Energy's stock has been rated by research firms, with an average consensus rating of "Hold" and a price target of $64.38, amidst mixed ratings from analysts.

McIlrath & Eck LLC raised its stake in Eversource Energy (NYSE:ES - Free Report) by 9,415.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,519 shares of the utilities provider's stock after purchasing an additional 5,461 shares during the period. McIlrath & Eck LLC's holdings in Eversource Energy were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in ES. Pinney & Scofield Inc. acquired a new position in Eversource Energy during the fourth quarter worth approximately $33,000. Rossby Financial LCC purchased a new stake in Eversource Energy during the first quarter worth $34,000. CoreCap Advisors LLC raised its holdings in shares of Eversource Energy by 168.7% in the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock worth $35,000 after acquiring an additional 383 shares during the last quarter. First Financial Corp IN raised its holdings in shares of Eversource Energy by 3,529.4% in the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock worth $38,000 after acquiring an additional 600 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Eversource Energy in the first quarter valued at $46,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane purchased 3,780 shares of Eversource Energy stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ES has been the subject of several analyst reports. Bank of America upped their target price on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Mizuho raised their target price 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 issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $64.38.

Eversource Energy Stock Performance

Shares of Eversource Energy stock traded up $0.60 during trading on Friday, reaching $65.65. The company's stock had a trading volume of 2,168,881 shares, compared to its average volume of 2,355,376. Eversource Energy has a one year low of $52.28 and a one year high of $68.73. The firm has a market cap of $24.36 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.47 and a beta of 0.64. The business's fifty day moving average price is $65.15 and its 200-day moving average price is $62.72. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71.

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 the consensus estimate of $0.95 by $0.01. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company posted $0.95 EPS. The company's revenue was up 12.0% compared to the same quarter last year. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, equities 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 issued a $0.7525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $3.01 annualized dividend and a dividend yield of 4.6%. Eversource Energy's dividend payout ratio (DPR) is presently 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.