Lbp Am Sa Sells 636 Shares of Eversource Energy $ES

Lbp Am Sa lowered its stake in shares of Eversource Energy (NYSE:ES) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,572 shares of the utilities provider’s stock after selling 636 shares during the period. Lbp Am Sa’s holdings in Eversource Energy were worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Eversource Energy by 0.8% during the first quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider’s stock valued at $2,792,559,000 after buying an additional 351,780 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Eversource Energy by 4.5% during the first quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider’s stock valued at $1,068,901,000 after buying an additional 739,448 shares during the last quarter. Magellan Asset Management Ltd raised its position in shares of Eversource Energy by 6.2% during the first quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock valued at $427,090,000 after buying an additional 401,866 shares during the last quarter. Invesco Ltd. raised its position in shares of Eversource Energy by 0.5% during the first quarter. Invesco Ltd. now owns 6,036,393 shares of the utilities provider’s stock valued at $374,920,000 after buying an additional 32,304 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Eversource Energy by 3.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,702,415 shares of the utilities provider’s stock valued at $354,177,000 after buying an additional 185,146 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In other news, insider Loretta D. Keane acquired 3,780 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $66.07 per share, with a total value of $249,744.60. Following the completion of the purchase, the insider directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ES. Mizuho lifted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, June 25th. Bank of America raised their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.38.

Eversource Energy Stock Up 0.3%

NYSE ES opened at $71.78 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. The company has a fifty day moving average of $65.89 and a two-hundred day moving average of $63.40. The firm has a market capitalization of $26.64 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.69 and a beta of 0.67. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $71.99.

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

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid 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 payout ratio is presently 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.