ST Germain D J Co. Inc. Boosts Stock Holdings in Eversource Energy $ES

Key Points

• ST Germain D J Co. Inc. significantly increased its holdings in Eversource Energy by 99.6% during the second quarter, owning 36,813 shares worth approximately $2.34 million.
• Wall Street analysts have a mixed outlook on Eversource Energy, with a consensus rating of "Hold" and a target price of $64.38, reflecting various recommendations from recent reports.
• Eversource Energy recently declared a quarterly dividend of $0.7525 per share, indicating a dividend yield of 4.4% with a high payout ratio of 129.18%.

ST Germain D J Co. Inc. grew its position in shares of Eversource Energy (NYSE:ES - Free Report) by 99.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,813 shares of the utilities provider's stock after purchasing an additional 18,370 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Eversource Energy were worth $2,342,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Eversource Energy by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider's stock valued at $2,792,559,000 after acquiring an additional 351,780 shares during the period. Wellington Management Group LLP grew its stake in Eversource Energy by 4.5% in the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider's stock valued at $1,068,901,000 after acquiring an additional 739,448 shares during the period. Magellan Asset Management Ltd grew its stake in Eversource Energy by 6.2% in the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider's stock valued at $427,090,000 after acquiring an additional 401,866 shares during the period. Invesco Ltd. grew its stake in Eversource Energy by 0.5% in the 1st quarter. Invesco Ltd. now owns 6,036,393 shares of the utilities provider's stock valued at $374,920,000 after acquiring an additional 32,304 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Eversource Energy by 3.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,702,415 shares of the utilities provider's stock valued at $354,177,000 after acquiring an additional 185,146 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Mizuho lifted their target price on shares of 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, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $64.38.

Insider Transactions at Eversource Energy

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

Eversource Energy Stock Down 0.8%

NYSE ES opened at $68.54 on Friday. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.64. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. The business's fifty day simple moving average is $65.40 and its 200-day simple moving average is $63.05. The firm has a market cap of $25.44 billion, a PE ratio of 29.42, a P/E/G ratio of 2.60 and a beta of 0.64.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping 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 business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. The company's quarterly 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 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 will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, September 22nd. Eversource Energy's payout ratio is currently 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.

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