Swedbank AB Purchases 38,298 Shares of Eversource Energy $ES

Key Points

• Swedbank AB increased its holdings in Eversource Energy by 6.9% during the first quarter, owning approximately 0.16% of the company valued at $36.83 million after acquiring an additional 38,298 shares.
• Insider Loretta D. Keane purchased 3,780 shares of Eversource Energy at an average price of $66.07 per share, significantly increasing her ownership by 45.80%.
• Eversource Energy reported $0.96 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.7525 per share, yielding 4.6%.

Swedbank AB increased its stake in Eversource Energy (NYSE:ES - Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 592,971 shares of the utilities provider's stock after buying an additional 38,298 shares during the quarter. Swedbank AB owned about 0.16% of Eversource Energy worth $36,829,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Hawaiian Bank raised its position in Eversource Energy by 68.2% in the 1st quarter. First Hawaiian Bank now owns 14,079 shares of the utilities provider's stock worth $874,000 after purchasing an additional 5,708 shares during the period. Strs Ohio purchased a new stake in Eversource Energy in the 1st quarter worth about $1,456,000. Ellsworth Advisors LLC purchased a new stake in Eversource Energy in the 1st quarter worth about $852,000. Intrua Financial LLC raised its position in Eversource Energy by 21.4% in the 1st quarter. Intrua Financial LLC now owns 8,395 shares of the utilities provider's stock worth $521,000 after purchasing an additional 1,477 shares during the period. Finally, WBI Investments LLC purchased a new stake in Eversource Energy in the 1st quarter worth about $1,194,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Down 0.2%

Shares of NYSE ES traded down $0.15 during midday trading on Monday, reaching $65.56. 2,869,631 shares of the company's stock traded hands, compared to its average volume of 2,355,376. 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 stock's 50 day simple moving average is $65.17 and its 200-day simple moving average is $62.74. Eversource Energy has a one year low of $52.28 and a one year high of $68.73. The company has a market cap of $24.33 billion, a price-to-earnings ratio of 28.14, 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the firm earned $0.95 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm 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. The ex-dividend date is Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy's dividend payout ratio (DPR) is currently 129.18%.

Analyst Ratings Changes

A number of brokerages have commented on ES. Mizuho upped 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. Bank of America upped their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Three investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $64.38.

Insider Activity

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the company's stock in a transaction dated 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 completion of the purchase, the insider owned 12,033 shares in the company, valued at approximately $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.41% 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.