Revisor Wealth Management LLC Has $542,000 Holdings in Eversource Energy $ES

Key Points

• Revisor Wealth Management LLC increased its holdings in Eversource Energy by 106.8% during the 2nd quarter, owning a total of 8,205 shares worth approximately $542,000.
• Several institutional investors, including GAMMA Investing LLC and UMB Bank n.a., also raised their stakes in Eversource Energy, contributing to the firm's overall institutional ownership of 79.99%.
• Eversource Energy announced a quarterly dividend of $0.7525 per share, resulting in an annualized dividend yield of 4.5% and highlighting a high dividend payout ratio of 129.18%.

Revisor Wealth Management LLC increased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 106.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,205 shares of the utilities provider's stock after buying an additional 4,238 shares during the quarter. Revisor Wealth Management LLC's holdings in Eversource Energy were worth $542,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in Eversource Energy by 47.4% during the 2nd quarter. GAMMA Investing LLC now owns 10,068 shares of the utilities provider's stock worth $641,000 after buying an additional 3,237 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in Eversource Energy by 5.5% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 166,616 shares of the utilities provider's stock worth $10,600,000 after buying an additional 8,722 shares during the period. Park Avenue Securities LLC raised its stake in Eversource Energy by 5.4% during the 2nd quarter. Park Avenue Securities LLC now owns 15,560 shares of the utilities provider's stock worth $990,000 after buying an additional 804 shares during the period. CX Institutional raised its stake in Eversource Energy by 10.5% during the 2nd quarter. CX Institutional now owns 2,890 shares of the utilities provider's stock worth $184,000 after buying an additional 275 shares during the period. Finally, UMB Bank n.a. raised its stake in Eversource Energy by 99.4% during the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the utilities provider's stock worth $82,000 after buying an additional 643 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In related news, insider Loretta D. Keane acquired 3,780 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was bought at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the acquisition, the insider directly owned 12,033 shares of the company's stock, valued at approximately $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.

Eversource Energy Stock Performance

ES opened at $67.62 on Tuesday. The business's 50-day moving average price is $65.14 and its two-hundred day moving average price is $62.91. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.47. The company has a market capitalization of $25.09 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 2.52 and a beta of 0.64. 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 results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) 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 firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the business posted $0.95 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Equities analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

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 4.5%. Eversource Energy's dividend payout ratio (DPR) is presently 129.18%.

Analysts Set New Price Targets

Several brokerages recently commented on ES. Mizuho raised their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. 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 note on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $64.38.

Eversource Energy Company 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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