Blair William & Co. IL Boosts Stock Holdings in Eversource Energy $ES

Blair William & Co. IL raised its holdings in shares of Eversource Energy (NYSE:ES) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,791 shares of the utilities provider’s stock after buying an additional 255 shares during the period. Blair William & Co. IL’s holdings in Eversource Energy were worth $2,023,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Hilltop National Bank bought a new position in shares of Eversource Energy during the second quarter valued at about $32,000. Rossby Financial LCC bought a new position in shares of Eversource Energy during the first quarter valued at about $34,000. Zions Bancorporation National Association UT bought a new position in shares of Eversource Energy during the first quarter valued at about $46,000. Cromwell Holdings LLC raised its stake in shares of Eversource Energy by 44.2% during the first quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 254 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Eversource Energy by 233.9% during the first quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 580 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Eversource Energy in a research note on Wednesday, October 8th. Janney Montgomery Scott reissued a “neutral” rating on shares of Eversource Energy in a research note on Monday. 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 research note on Wednesday, June 25th. Finally, 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 research note on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $64.38.

Insider Buying and Selling at Eversource Energy

In other news, insider Loretta D. Keane purchased 3,780 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the acquisition, the insider 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Eversource Energy Stock Down 0.5%

ES opened at $70.61 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $74.46. The company has a market capitalization of $26.20 billion, a PE ratio of 30.31, a PEG ratio of 2.67 and a beta of 0.67. The firm’s 50 day simple moving average is $66.88 and its two-hundred day simple moving average is $64.06.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.95 by $0.01. The firm 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%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. 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 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a $0.7525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.3%. Eversource Energy’s payout ratio 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.