Yousif Capital Management LLC Sells 5,734 Shares of Eversource Energy $ES

Key Points

• Yousif Capital Management LLC has reduced its holdings in Eversource Energy by 3.8%, selling 5,734 shares, and now owns 146,693 shares valued at approximately $9.33 million.
• Corporate insider Loretta D. Keane purchased 3,780 shares at an average price of $66.07 per share, increasing their ownership by 45.80%.
• Eversource Energy reported earnings of $0.96 per share, marginally exceeding analysts' expectations, with an annualized dividend yield of 4.2%.

Yousif Capital Management LLC cut its position in Eversource Energy (NYSE:ES - Free Report) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,693 shares of the utilities provider's stock after selling 5,734 shares during the quarter. Yousif Capital Management LLC's holdings in Eversource Energy were worth $9,333,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Eversource Energy

In other news, insider Loretta D. Keane bought 3,780 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was bought at an average price 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 $795,020.31. This 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 Stock Down 1.9%

ES opened at $70.96 on Tuesday. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $74.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. The company has a market capitalization of $26.33 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.72 and a beta of 0.67. The stock has a fifty day moving average of $66.79 and a 200-day moving average of $64.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping 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 the consensus estimate of $3.01 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The company's 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, equities analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently announced 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 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 (DPR) is currently 129.18%.

Analyst Upgrades and Downgrades

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

About Eversource Energy

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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