Drucker Wealth 3.0 LLC Purchases New Position in Eversource Energy $ES

Drucker Wealth 3.0 LLC bought a new position in Eversource Energy (NYSE:ES) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 13,051 shares of the utilities provider’s stock, valued at approximately $850,000.

Several other hedge funds also recently bought and sold shares of ES. Park Avenue Securities LLC raised its stake in Eversource Energy by 2.0% during the 1st quarter. Park Avenue Securities LLC now owns 14,756 shares of the utilities provider’s stock worth $917,000 after buying an additional 295 shares during the period. Farther Finance Advisors LLC raised its position in shares of Eversource Energy by 105.6% during the first quarter. Farther Finance Advisors LLC now owns 4,623 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 2,374 shares during the period. GAMMA Investing LLC raised its position in shares of Eversource Energy by 24.2% during the first quarter. GAMMA Investing LLC now owns 6,831 shares of the utilities provider’s stock worth $424,000 after purchasing an additional 1,333 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Eversource Energy by 5.6% during the first quarter. Assenagon Asset Management S.A. now owns 13,942 shares of the utilities provider’s stock worth $866,000 after purchasing an additional 734 shares during the period. Finally, CX Institutional acquired a new stake in shares of Eversource Energy during the first quarter worth about $162,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on ES shares. Mizuho raised their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of Eversource Energy in a report on Wednesday. Finally, Bank of America raised their price objective 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. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.38.

Insider Buying and Selling at Eversource Energy

In related news, insider Loretta D. Keane purchased 3,780 shares of the stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of $66.07 per share, with a total value of $249,744.60. Following the transaction, the insider directly owned 12,033 shares of the company’s stock, valued at $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

Eversource Energy Price Performance

NYSE ES opened at $72.31 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $74.46. The company has a market capitalization of $26.83 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. The firm’s 50 day moving average is $66.69 and its 200-day moving average is $63.89.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business earned $0.95 EPS. The company’s 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 research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.01 annualized dividend and a dividend yield of 4.2%. Eversource Energy’s payout ratio is 129.18%.

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.