Schnieders Capital Management LLC Purchases 27,332 Shares of Eversource Energy $ES

Schnieders Capital Management LLC lifted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 87.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,444 shares of the utilities provider's stock after buying an additional 27,332 shares during the quarter. Schnieders Capital Management LLC's holdings in Eversource Energy were worth $3,718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in shares of Eversource Energy during the 2nd quarter worth $28,000. Hilltop National Bank bought a new position in shares of Eversource Energy during the 2nd quarter worth $32,000. Rossby Financial LCC bought a new position in shares of Eversource Energy during the 1st quarter worth $34,000. Zions Bancorporation National Association UT bought a new position in shares of Eversource Energy during the 1st quarter worth $46,000. Finally, Golden State Wealth Management LLC grew its position in shares of Eversource Energy by 233.9% during the 1st quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock worth $52,000 after buying an additional 580 shares in the last quarter. Institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 1.6%

Eversource Energy stock opened at $72.52 on Monday. The stock has a 50-day moving average of $67.27 and a two-hundred day moving average of $64.27. 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 has a one year low of $52.28 and a one year high of $74.46. The stock has a market cap of $26.91 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.82 and a beta of 0.67.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly 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. 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 during the quarter, compared to analysts' expectations of $3.01 billion. During the same period last year, the business posted $0.95 earnings per share. The firm'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. On average, research analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a $0.7525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.2%. Eversource Energy's dividend payout ratio is currently 129.18%.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of analyst reports. Janney Montgomery Scott restated a "neutral" rating on shares of Eversource Energy in a research note on Monday, October 13th. Weiss Ratings restated a "hold (c)" rating on shares of Eversource Energy in a research note on Wednesday, October 8th. Bank of America upped their price objective on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. TD Cowen initiated coverage on Eversource Energy in a research note on Thursday. They set a "hold" rating and a $76.00 price objective for the company. Finally, Mizuho upped 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. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $65.67.

Insider Buying and Selling at Eversource Energy

In other news, insider Loretta D. Keane acquired 3,780 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $66.07 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.19% of the company's stock.

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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