Trust Co. of Vermont Grows Position in Eversource Energy $ES

Trust Co. of Vermont lifted its holdings in Eversource Energy (NYSE:ES) by 14.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,862 shares of the utilities provider’s stock after buying an additional 358 shares during the period. Trust Co. of Vermont’s holdings in Eversource Energy were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of ES. Nuveen LLC acquired a new stake in Eversource Energy in the 1st quarter valued at about $286,130,000. Vest Financial LLC purchased a new stake in shares of Eversource Energy in the first quarter valued at approximately $60,273,000. Wellington Management Group LLP increased its holdings in shares of 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 last quarter. GAMMA Investing LLC lifted its position in Eversource Energy by 7,616.9% during the first quarter. GAMMA Investing LLC now owns 424,273 shares of the utilities provider’s stock worth $26,352,000 after buying an additional 418,775 shares in the last quarter. Finally, Magellan Asset Management Ltd boosted its stake in Eversource Energy by 6.2% during the first quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock worth $427,090,000 after buying an additional 401,866 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In other news, insider Loretta D. Keane purchased 3,780 shares of the stock in a transaction dated Friday, August 22nd. The stock was 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 in the company, valued at approximately $795,020.31. This represents a 45.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by company insiders.

Eversource Energy Stock Up 0.3%

Shares of ES opened at $71.78 on Friday. The company’s 50-day moving average price is $65.89 and its 200 day moving average price is $63.40. Eversource Energy has a 12-month low of $52.28 and a 12-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 firm has a market cap of $26.64 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 2.69 and a beta of 0.67.

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, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. Eversource Energy’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given 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 payout ratio is presently 129.18%.

Analyst Ratings Changes

Several research firms have recently commented on ES. Bank of America lifted their price target on Eversource Energy from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Mizuho lifted their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.