Eversource Energy $ES Shares Bought by Grimes & Company Inc.

Grimes & Company Inc. lifted its holdings in shares of Eversource Energy (NYSE:ES) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,044 shares of the utilities provider’s stock after acquiring an additional 238 shares during the quarter. Grimes & Company Inc.’s holdings in Eversource Energy were worth $512,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilltop National Bank purchased a new position in shares of Eversource Energy during the 2nd quarter valued at approximately $32,000. Rossby Financial LCC bought a new position in Eversource Energy during the 1st quarter valued at $34,000. Zions Bancorporation National Association UT acquired a new position in Eversource Energy during the 1st quarter worth $46,000. Golden State Wealth Management LLC increased its position in shares of Eversource Energy by 233.9% in the 1st quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 580 shares during the last quarter. Finally, Cromwell Holdings LLC raised its stake in shares of Eversource Energy by 44.2% in the 1st quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 254 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ES. Mizuho lifted their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 25th. Bank of America lifted their target price on Eversource Energy from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Eversource Energy in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.38.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane bought 3,780 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were purchased 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 in the company, valued at $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

Eversource Energy Price Performance

Shares of NYSE ES opened at $72.75 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.63. The firm has a market capitalization of $27.00 billion, a PE ratio of 31.22, a P/E/G ratio of 2.73 and a beta of 0.67. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $73.48. The business’s fifty day moving average price is $66.15 and its two-hundred day moving average price is $63.58.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping 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 business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The company’s quarterly 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, research analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 4.1%. Eversource Energy’s payout ratio is currently 129.18%.

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.