Cypress Wealth Services LLC Makes New Investment in Eversource Energy $ES

Cypress Wealth Services LLC bought a new position in shares of Eversource Energy (NYSE:ES) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,316 shares of the utilities provider’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PDS Planning Inc boosted its position in Eversource Energy by 4.7% during the second quarter. PDS Planning Inc now owns 3,840 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 173 shares during the period. Thrive Wealth Management LLC lifted its holdings in shares of Eversource Energy by 3.6% in the second quarter. Thrive Wealth Management LLC now owns 5,445 shares of the utilities provider’s stock worth $346,000 after buying an additional 189 shares in the last quarter. Sterling Investment Counsel LLC lifted its holdings in shares of Eversource Energy by 4.9% in the first quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider’s stock worth $255,000 after buying an additional 190 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its holdings in shares of Eversource Energy by 1.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 14,418 shares of the utilities provider’s stock worth $917,000 after buying an additional 195 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of Eversource Energy by 0.8% in the second quarter. Capital Investment Advisors LLC now owns 26,467 shares of the utilities provider’s stock worth $1,684,000 after buying an additional 210 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In other Eversource Energy news, insider Loretta D. Keane purchased 3,780 shares of Eversource Energy stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the transaction, the insider directly owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by insiders.

Eversource Energy Trading Down 0.5%

Shares of ES opened at $70.61 on Wednesday. The firm’s 50 day simple moving average is $66.88 and its 200 day simple moving average is $64.06. The company has a market capitalization of $26.20 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.67 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 1-year low of $52.28 and a 1-year high of $74.46.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, September 22nd. Eversource Energy’s dividend payout ratio (DPR) is presently 129.18%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ES shares. Bank of America increased their price target on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Mizuho increased 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. Janney Montgomery Scott reissued a “neutral” rating on shares of Eversource Energy in a report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Eversource Energy in a report 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 has an average rating of “Hold” and a consensus price target of $64.38.

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.