Stephens Inc. AR Buys 223 Shares of Eversource Energy $ES

Stephens Inc. AR lifted its stake in shares of Eversource Energy (NYSE:ES) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 43,962 shares of the utilities provider’s stock after acquiring an additional 223 shares during the period. Stephens Inc. AR’s holdings in Eversource Energy were worth $2,797,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Eversource Energy by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider’s stock worth $2,792,559,000 after acquiring an additional 351,780 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Eversource Energy by 4.5% during the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider’s stock worth $1,068,901,000 after purchasing an additional 739,448 shares during the last quarter. Magellan Asset Management Ltd lifted its position in shares of Eversource Energy by 6.2% during the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock worth $427,090,000 after purchasing an additional 401,866 shares during the last quarter. Invesco Ltd. lifted its position in shares of Eversource Energy by 0.5% during the 1st quarter. Invesco Ltd. now owns 6,036,393 shares of the utilities provider’s stock worth $374,920,000 after purchasing an additional 32,304 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Eversource Energy by 3.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,702,415 shares of the utilities provider’s stock worth $354,177,000 after purchasing an additional 185,146 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Activity

In related news, insider Loretta D. Keane purchased 3,780 shares of Eversource Energy stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the transaction, the insider directly owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Stock Down 0.2%

NYSE ES opened at $73.08 on Thursday. The stock has a fifty day moving average of $67.70 and a 200-day moving average of $64.50. The stock has a market capitalization of $27.12 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 2.85 and a beta of 0.67. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $74.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results 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. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company earned $0.95 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, equities research analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently declared 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 4.1%. The ex-dividend date was Monday, September 22nd. Eversource Energy’s dividend payout ratio (DPR) is currently 129.18%.

Wall Street Analysts Forecast Growth

ES has been the subject of several research analyst reports. Mizuho boosted their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 25th. Jefferies Financial Group increased their target price on Eversource Energy from $54.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $73.00 to $85.00 in a research report on Tuesday. Janney Montgomery Scott restated a “neutral” rating on shares of Eversource Energy in a research report on Monday, October 13th. Finally, TD Cowen started coverage on Eversource Energy in a research report on Thursday, October 16th. They set a “hold” rating and a $76.00 price target on the stock. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.11.

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.