Eversource Energy $ES Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in Eversource Energy (NYSE:ES) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,950 shares of the utilities provider’s stock after selling 1,106 shares during the period. US Bancorp DE’s holdings in Eversource Energy were worth $2,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Hilltop National Bank acquired a new position in shares of Eversource Energy in the 2nd quarter valued at $32,000. Rossby Financial LCC acquired a new position in shares of Eversource Energy in the 1st quarter valued at $34,000. Zions Bancorporation National Association UT acquired a new position in shares of Eversource Energy in the 1st quarter valued at $46,000. Golden State Wealth Management LLC lifted its stake in shares of Eversource Energy by 233.9% in the 1st 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 last quarter. Finally, Cromwell Holdings LLC lifted its stake in shares of Eversource Energy by 44.2% in the 1st 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 last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insiders Place Their Bets

In related news, insider Loretta D. Keane purchased 3,780 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the acquisition, the insider directly owned 12,033 shares in the company, valued at $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America upped their price target on Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Eversource Energy in a research note on Wednesday, October 8th. Janney Montgomery Scott reissued a “neutral” rating on shares of Eversource Energy in a research note on Monday. Finally, Mizuho increased their target price 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, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average price target of $64.38.

Eversource Energy Price Performance

Shares of NYSE ES opened at $72.21 on Thursday. The stock’s 50-day moving average is $67.01 and its two-hundred day moving average is $64.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.63. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $74.46. The company has a market cap of $26.80 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business earned $0.95 EPS. Eversource Energy’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. Analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 yield of 4.2%. Eversource Energy’s dividend payout ratio is 129.18%.

Eversource Energy 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.