ASR Vermogensbeheer N.V. Buys 337 Shares of Eversource Energy $ES

ASR Vermogensbeheer N.V. grew its position in Eversource Energy (NYSE:ES) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,382 shares of the utilities provider’s stock after purchasing an additional 337 shares during the quarter. ASR Vermogensbeheer N.V. owned approximately 0.05% of Eversource Energy worth $12,302,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rossby Financial LCC bought a new stake in Eversource Energy during the first quarter valued at about $34,000. Zions Bancorporation National Association UT acquired a new position in shares of Eversource Energy during the 1st quarter worth about $46,000. Cromwell Holdings LLC boosted its stake in Eversource Energy by 44.2% during 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 during the period. Golden State Wealth Management LLC grew its holdings in Eversource Energy by 233.9% in the 1st quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider’s stock valued at $52,000 after buying an additional 580 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Eversource Energy by 369.8% in the 1st quarter. Versant Capital Management Inc now owns 855 shares of the utilities provider’s stock worth $53,000 after buying an additional 673 shares during the period. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Up 0.3%

Shares of Eversource Energy stock opened at $71.78 on Friday. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $71.99. The firm has a market capitalization of $26.64 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 2.69 and a beta of 0.67. 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 company’s fifty day moving average price is $65.89 and its two-hundred day moving average price is $63.40.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business 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, analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, September 22nd. Eversource Energy’s dividend payout ratio (DPR) is 129.18%.

Insider Buying and Selling

In related news, insider Loretta D. Keane purchased 3,780 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. The trade was a 45.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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