Cromwell Holdings LLC Acquires 213 Shares of Eversource Energy $ES

Cromwell Holdings LLC grew its holdings in shares of Eversource Energy (NYSE:ES) by 25.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,042 shares of the utilities provider’s stock after buying an additional 213 shares during the quarter. Cromwell Holdings LLC’s holdings in Eversource Energy were worth $66,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hilltop National Bank bought a new position in shares of Eversource Energy during the second quarter valued at approximately $32,000. Rossby Financial LCC bought a new position in shares of Eversource Energy during the first quarter valued at approximately $34,000. Zions Bancorporation National Association UT bought a new position in shares of Eversource Energy during the first quarter valued at approximately $46,000. Golden State Wealth Management LLC grew 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 buying an additional 580 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Eversource Energy by 369.8% during the first quarter. Versant Capital Management Inc now owns 855 shares of the utilities provider’s stock valued at $53,000 after buying an additional 673 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.3%

Shares of NYSE ES opened at $71.78 on Friday. 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 stock has a market capitalization of $26.64 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 2.69 and a beta of 0.67. The stock’s fifty day simple moving average is $65.89 and its two-hundred day simple moving average is $63.40. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $71.99.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.01. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

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 4.2%. The ex-dividend date of this dividend was Monday, September 22nd. Eversource Energy’s dividend payout ratio (DPR) is 129.18%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ES. Bank of America upped their target price on Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Mizuho increased their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $64.38.

Insider Transactions at Eversource Energy

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 acquired 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 of the company’s stock, valued at $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company 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.