Boston Trust Walden Corp Decreases Position in Eversource Energy $ES

Boston Trust Walden Corp decreased its holdings in shares of Eversource Energy (NYSE:ES) by 3.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 957,132 shares of the utilities provider’s stock after selling 33,487 shares during the quarter. Boston Trust Walden Corp’s holdings in Eversource Energy were worth $60,893,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Edmp Inc. lifted its stake in Eversource Energy by 4.8% in the second quarter. Edmp Inc. now owns 25,398 shares of the utilities provider’s stock valued at $1,616,000 after buying an additional 1,171 shares during the last quarter. NorthRock Partners LLC lifted its stake in Eversource Energy by 10.5% in the second quarter. NorthRock Partners LLC now owns 9,155 shares of the utilities provider’s stock valued at $582,000 after buying an additional 872 shares during the last quarter. MGO One Seven LLC purchased a new stake in Eversource Energy in the second quarter valued at approximately $292,000. CWM LLC lifted its stake in Eversource Energy by 3.0% in the second quarter. CWM LLC now owns 42,484 shares of the utilities provider’s stock valued at $2,703,000 after buying an additional 1,227 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in Eversource Energy in the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In other Eversource Energy news, insider Loretta D. Keane bought 3,780 shares of Eversource Energy stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $66.07 per share, with a total value of $249,744.60. Following the completion of the acquisition, the insider owned 12,033 shares in the company, valued at $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.19% of the company’s stock.

Eversource Energy Price Performance

Eversource Energy stock opened at $70.96 on Tuesday. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $74.46. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.63. The business has a 50 day simple moving average of $66.79 and a 200-day simple moving average of $64.01. The stock has a market capitalization of $26.33 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67.

Eversource Energy (NYSE:ES) last released 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 return on equity of 11.00% and a net margin of 6.60%.The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. 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. Equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.7525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a yield of 4.2%. Eversource Energy’s dividend payout ratio (DPR) is 129.18%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ES. Janney Montgomery Scott reiterated a “neutral” rating on shares of Eversource Energy in a research note on Monday. Mizuho boosted their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, June 25th. Bank of America boosted 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Eversource Energy in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $64.38.

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.