John G Ullman & Associates Inc. Cuts Stock Holdings in Eversource Energy $ES

John G Ullman & Associates Inc. lowered its stake in shares of Eversource Energy (NYSE:ES) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,702 shares of the utilities provider’s stock after selling 300 shares during the period. Eversource Energy makes up approximately 1.1% of John G Ullman & Associates Inc.’s portfolio, making the stock its 26th biggest holding. John G Ullman & Associates Inc.’s holdings in Eversource Energy were worth $7,170,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Nuveen LLC purchased a new position in shares of Eversource Energy in the 1st quarter valued at $286,130,000. Wellington Management Group LLP raised its stake in shares of Eversource Energy by 4.5% in the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider’s stock valued at $1,068,901,000 after acquiring an additional 739,448 shares during the period. Magellan Asset Management Ltd raised its stake in shares of Eversource Energy by 6.2% in the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock valued at $427,090,000 after acquiring an additional 401,866 shares during the period. Vanguard Group Inc. raised its stake in shares of Eversource Energy by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider’s stock valued at $2,792,559,000 after acquiring an additional 351,780 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of Eversource Energy by 244.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 373,788 shares of the utilities provider’s stock valued at $23,780,000 after acquiring an additional 265,290 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of a number of research reports. Mizuho raised their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, June 25th. Bank of America raised their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Eversource Energy in a research note on Wednesday, October 8th. TD Cowen began coverage on shares of Eversource Energy in a report on Thursday. They set a “hold” rating and a $76.00 price target for the company. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Eversource Energy in a research note on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $65.67.

Insider Buying and Selling at Eversource Energy

In related news, insider Loretta D. Keane bought 3,780 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was bought at an average price of $66.07 per share, with a total value of $249,744.60. Following the transaction, the insider 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Eversource Energy Stock Performance

Eversource Energy stock opened at $72.52 on Friday. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $74.46. The company has a market capitalization of $26.91 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.83 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 firm’s fifty day moving average price is $67.27 and its 200 day moving average price is $64.26.

Eversource Energy (NYSE:ES) last released 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 net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The firm’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 forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

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

Eversource Energy Company 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.