Vontobel Holding Ltd. Reduces Position in Eversource Energy $ES

Key Points

• Vontobel Holding Ltd. has reduced its stake in Eversource Energy by 33.1%, now holding 63,339 shares valued at approximately $4.03 million.
• A recent insider transaction saw Loretta D. Keane acquire 3,780 shares of Eversource Energy, boosting her ownership by 45.80%.
• Eversource Energy reported earnings of $0.96 per share, surpassing analysts' expectations, while its current annualized dividend yield stands at 4.2%.

Vontobel Holding Ltd. lessened its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 33.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,339 shares of the utilities provider's stock after selling 31,396 shares during the quarter. Vontobel Holding Ltd.'s holdings in Eversource Energy were worth $4,030,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank purchased a new stake in shares of Eversource Energy during the second quarter valued at approximately $32,000. Rossby Financial LCC purchased a new stake in shares of Eversource Energy during the first quarter valued at approximately $34,000. Zions Bancorporation National Association UT purchased a new stake in shares of Eversource Energy during the first quarter valued at approximately $46,000. Cromwell Holdings LLC boosted its stake in shares of Eversource Energy by 44.2% during the first quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 254 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of Eversource Energy by 233.9% during the first quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 580 shares during the period. Hedge funds and other institutional investors own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In related news, insider Loretta D. Keane purchased 3,780 shares of Eversource Energy stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the acquisition, the insider directly owned 12,033 shares of the company's stock, valued at $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 SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

Eversource Energy Price Performance

ES opened at $72.31 on Friday. The stock has a fifty day simple moving average of $66.69 and a two-hundred day simple moving average of $63.89. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. The company has a market cap of $26.83 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $74.46.

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

Eversource Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ES shares. Mizuho increased their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Bank of America raised their price target on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Eversource Energy in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and a consensus target price 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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