Eversource Energy $ES Stock Position Raised by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC lifted its stake in Eversource Energy (NYSE:ES) by 4.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,457 shares of the utilities provider’s stock after acquiring an additional 360 shares during the period. Baker Ellis Asset Management LLC’s holdings in Eversource Energy were worth $538,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Sterling Investment Counsel LLC raised its stake in shares of Eversource Energy by 4.9% in the 1st quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 190 shares in the last quarter. Plato Investment Management Ltd raised its stake in shares of Eversource Energy by 0.4% in the 1st quarter. Plato Investment Management Ltd now owns 55,939 shares of the utilities provider’s stock valued at $3,512,000 after acquiring an additional 215 shares in the last quarter. Retirement Planning Co of New England Inc. grew its holdings in Eversource Energy by 5.6% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 4,190 shares of the utilities provider’s stock valued at $260,000 after buying an additional 223 shares during the last quarter. Ascent Group LLC grew its holdings in Eversource Energy by 1.2% in the 4th quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider’s stock valued at $1,129,000 after buying an additional 230 shares during the last quarter. Finally, Advisor OS LLC grew its holdings in Eversource Energy by 4.2% in the 1st quarter. Advisor OS LLC now owns 5,694 shares of the utilities provider’s stock valued at $354,000 after buying an additional 232 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $65.65 on Monday. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $68.73. The firm has a market capitalization of $24.36 billion, a PE ratio of 28.18, a PEG ratio of 2.47 and a beta of 0.64. The business’s 50 day moving average is $65.15 and its 200-day moving average is $62.72. 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 (NYSE:ES) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share 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 company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the firm earned $0.95 EPS. Eversource Energy’s revenue for the quarter 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. Sell-side analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.7525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.01 annualized dividend and a yield of 4.6%. Eversource Energy’s payout ratio is currently 129.18%.

Insider Buying and Selling

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the transaction, the insider owned 12,033 shares in the company, valued at $795,020.31. This trade represents a 45.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ES shares. Mizuho raised their target price on Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Bank of America raised their target price on Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.38.

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.