Cwm LLC Raises Holdings in Eversource Energy $ES

Cwm LLC grew its position in shares of Eversource Energy (NYSE:ES) by 3.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 42,484 shares of the utilities provider’s stock after buying an additional 1,227 shares during the quarter. Cwm LLC’s holdings in Eversource Energy were worth $2,703,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ES. Nuveen LLC acquired a new position in Eversource Energy in the 1st quarter valued at about $286,130,000. Wellington Management Group LLP boosted its holdings in Eversource Energy by 4.5% in the 1st 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 in the last quarter. Magellan Asset Management Ltd boosted its holdings in Eversource Energy by 6.2% in the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock valued at $427,090,000 after purchasing an additional 401,866 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Eversource Energy by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider’s stock valued at $2,792,559,000 after purchasing an additional 351,780 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Eversource Energy by 6.5% in the 1st quarter. Northern Trust Corp now owns 3,939,023 shares of the utilities provider’s stock valued at $244,653,000 after purchasing an additional 239,440 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $72.52 on Friday. The business’s 50 day simple moving average is $67.27 and its 200-day simple moving average is $64.26. The firm has a market capitalization of $26.91 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67. 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 12 month low of $52.28 and a 12 month high of $74.46.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (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 firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $0.95 EPS. 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. As a group, equities analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, September 22nd. Eversource Energy’s payout ratio is currently 129.18%.

Insider Activity

In related news, insider Loretta D. Keane acquired 3,780 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the transaction, the insider directly owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. This trade represents a 45.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ES shares. Mizuho lifted their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. 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 report on Monday, July 21st. TD Cowen assumed coverage on Eversource Energy in a report on Thursday. They issued a “hold” rating and a $76.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Eversource Energy in a research note on Wednesday, October 8th. Finally, Janney Montgomery Scott reissued a “neutral” rating on shares of Eversource Energy in a research note on Monday, October 13th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.67.

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.