Bogart Wealth LLC Buys 466 Shares of Eversource Energy $ES

Bogart Wealth LLC boosted its stake in shares of Eversource Energy (NYSE:ES) by 100.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928 shares of the utilities provider’s stock after buying an additional 466 shares during the quarter. Bogart Wealth LLC’s holdings in Eversource Energy were worth $59,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Schnieders Capital Management LLC lifted its holdings in Eversource Energy by 87.9% during the 2nd quarter. Schnieders Capital Management LLC now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after buying an additional 27,332 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Eversource Energy by 0.5% in the 2nd quarter. Stephens Inc. AR now owns 43,962 shares of the utilities provider’s stock valued at $2,797,000 after purchasing an additional 223 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Eversource Energy by 27.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,146 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 901 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in shares of Eversource Energy by 6.4% in the 2nd quarter. Spirit of America Management Corp NY now owns 19,100 shares of the utilities provider’s stock valued at $1,215,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its holdings in shares of Eversource Energy by 1.0% in the 2nd quarter. Easterly Investment Partners LLC now owns 202,315 shares of the utilities provider’s stock valued at $12,871,000 after purchasing an additional 1,933 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ES shares. Bank of America upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $73.00 to $85.00 in a report on Tuesday. TD Cowen started coverage on shares of Eversource Energy in a report on Thursday, October 16th. They issued a “hold” rating and a $76.00 price target for the company. Janney Montgomery Scott restated a “neutral” rating on shares of Eversource Energy in a report on Monday, October 13th. Mizuho boosted their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eversource Energy in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $67.67.

Insiders Place Their Bets

In related news, insider Loretta D. Keane bought 3,780 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $66.07 per share, with a total value of $249,744.60. Following the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Eversource Energy Stock Up 0.5%

Shares of Eversource Energy stock opened at $73.19 on Wednesday. The firm’s 50 day moving average price is $67.56 and its 200-day moving average price is $64.44. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $74.46. The company has a market cap of $27.16 billion, a P/E ratio of 31.41, a PEG ratio of 2.84 and a beta of 0.67.

Eversource Energy (NYSE:ES) last issued 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. 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 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. On average, sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, September 22nd. Eversource Energy’s payout ratio is currently 129.18%.

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.