Leo Wealth LLC Makes New Investment in Eversource Energy $ES

Leo Wealth LLC acquired a new position in shares of Eversource Energy (NYSE:ES) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,015 shares of the utilities provider’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in shares of Eversource Energy in the second quarter valued at about $32,000. Rossby Financial LCC purchased a new stake in shares of Eversource Energy in the first quarter valued at about $34,000. Zions Bancorporation National Association UT purchased a new stake in shares of Eversource Energy in the first quarter valued at about $46,000. Cromwell Holdings LLC boosted its holdings in shares of Eversource Energy by 44.2% in 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 in the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Eversource Energy by 233.9% in 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 in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 0.1%

Shares of 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 52 week low of $52.28 and a 52 week high of $74.46. The firm has a 50-day moving average price of $66.69 and a 200 day moving average price of $63.89. The stock has a market capitalization of $26.83 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67.

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 during 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 for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 earnings per share. 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 Announces Dividend

The firm also recently announced 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 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%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ES shares. Bank of America lifted their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eversource Energy in a report on Wednesday. Finally, Mizuho lifted their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $64.38.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane bought 3,780 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the transaction, the insider owned 12,033 shares in the company, valued at approximately $795,020.31. The trade was a 45.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Eversource Energy 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.