Eversource Energy $ES Stock Holdings Lifted by Edmp Inc.

Edmp Inc. lifted its holdings in Eversource Energy (NYSE:ES) by 4.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,398 shares of the utilities provider’s stock after buying an additional 1,171 shares during the quarter. Eversource Energy makes up 1.4% of Edmp Inc.’s portfolio, making the stock its 29th biggest position. Edmp Inc.’s holdings in Eversource Energy were worth $1,616,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Nuveen LLC bought a new stake in Eversource Energy in the 1st quarter valued at about $286,130,000. Wellington Management Group LLP lifted its position 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 during the last quarter. Magellan Asset Management Ltd lifted its position 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 during the last quarter. Vanguard Group Inc. lifted its position 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 during the last quarter. Finally, Northern Trust Corp lifted its position 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 during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Eversource Energy

In other news, insider Loretta D. Keane bought 3,780 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $66.07 per share, with a total value of $249,744.60. Following the completion of the transaction, the insider directly owned 12,033 shares in the company, valued at approximately $795,020.31. The trade was a 45.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on ES shares. Janney Montgomery Scott restated a “neutral” rating on shares of Eversource Energy in a research report on Monday. 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 research report on Wednesday, June 25th. Weiss Ratings restated a “hold (c)” rating on shares of Eversource Energy in a research report on Wednesday, October 8th. Finally, Bank of America boosted their price target on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.38.

Eversource Energy Stock Performance

Shares of ES opened at $70.96 on Tuesday. The firm’s 50 day moving average is $66.79 and its 200-day moving average is $64.01. The stock has a market capitalization of $26.33 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.72 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 announced 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. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Equities research analysts anticipate 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 given 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 dividend payout ratio (DPR) is 129.18%.

Eversource Energy Company 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.