Trust Co. of Vermont Boosts Holdings in Eversource Energy $ES

Trust Co. of Vermont lifted its holdings in Eversource Energy (NYSE:ES) by 14.3% in the second quarter, HoldingsChannel reports. The firm owned 2,862 shares of the utilities provider’s stock after buying an additional 358 shares during the quarter. Trust Co. of Vermont’s holdings in Eversource Energy were worth $182,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ES. Nuveen LLC purchased a new position in Eversource Energy in the 1st quarter valued at approximately $286,130,000. Vest Financial LLC acquired a new stake in shares of Eversource Energy in the first quarter valued at $60,273,000. Wellington Management Group LLP boosted its holdings in Eversource Energy by 4.5% in 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 purchasing an additional 739,448 shares during the period. GAMMA Investing LLC grew its stake in Eversource Energy by 7,616.9% during the 1st quarter. GAMMA Investing LLC now owns 424,273 shares of the utilities provider’s stock worth $26,352,000 after purchasing an additional 418,775 shares in the last quarter. Finally, Magellan Asset Management Ltd increased its holdings in Eversource Energy by 6.2% during the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock worth $427,090,000 after purchasing an additional 401,866 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Up 0.3%

Shares of NYSE:ES opened at $71.78 on Friday. The firm has a 50 day simple moving average of $65.89 and a 200-day simple moving average of $63.40. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $71.99. 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 company has a market capitalization of $26.64 billion, a PE ratio of 30.81, a P/E/G ratio of 2.69 and a beta of 0.67.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.01 billion. During the same period last year, the business earned $0.95 EPS. Eversource Energy’s revenue for the quarter 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, equities analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal 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 $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, September 22nd. Eversource Energy’s payout ratio is presently 129.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ES shares. Bank of America lifted their price objective 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 boosted their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Three research 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.38.

Insider Transactions at Eversource Energy

In other news, insider Loretta D. Keane purchased 3,780 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $66.07 per share, for a total transaction of $249,744.60. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by corporate insiders.

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.