Vest Financial LLC Sells 48,816 Shares of Eversource Energy $ES

Key Points

• Vest Financial LLC reduced its holdings in Eversource Energy by 5.0%, selling 48,816 shares during the 2nd quarter, and now owns approximately 921,600 shares worth $58.6 million.
• Insider Loretta D. Keane increased her stake by purchasing 3,780 shares at an average cost of $66.07 each, representing a 45.80% increase in ownership.
• Several analysts have adjusted their price targets for Eversource Energy, with Bank of America raising its target from $62 to $67 and Mizuho from $68 to $72, while maintaining a consensus rating of "Hold."

Vest Financial LLC lowered its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 921,600 shares of the utilities provider's stock after selling 48,816 shares during the period. Vest Financial LLC owned about 0.25% of Eversource Energy worth $58,632,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ES. Farther Finance Advisors LLC grew its holdings in shares of Eversource Energy by 105.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,623 shares of the utilities provider's stock valued at $287,000 after purchasing an additional 2,374 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Eversource Energy by 24.2% during the 1st quarter. GAMMA Investing LLC now owns 6,831 shares of the utilities provider's stock valued at $424,000 after purchasing an additional 1,333 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Eversource Energy by 5.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,942 shares of the utilities provider's stock valued at $866,000 after purchasing an additional 734 shares during the last quarter. CX Institutional bought a new position in shares of Eversource Energy during the 1st quarter valued at $162,000. Finally, Simon Quick Advisors LLC bought a new position in shares of Eversource Energy during the 1st quarter valued at $238,000. Institutional investors own 79.99% of the company's stock.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane purchased 3,780 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $66.07 per share, with a total value of $249,744.60. Following the transaction, the insider directly owned 12,033 shares in the company, valued at approximately $795,020.31. The trade was a 45.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ES shares. Bank of America increased their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Eversource Energy in a report on Wednesday, October 8th. Finally, Mizuho raised their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $64.38.

Eversource Energy Trading Down 0.1%

Shares of ES opened at $72.31 on Monday. The firm's 50-day moving average price is $66.69 and its 200-day moving average price is $63.94. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 2.72 and a beta of 0.67. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $74.46.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, September 22nd. Eversource Energy's dividend payout ratio (DPR) is 129.18%.

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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