AG2R LA Mondiale Gestion D Actifs Makes New Investment in Eversource Energy $ES

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Eversource Energy (NYSE:ES) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,816 shares of the utilities provider’s stock, valued at approximately $1,155,000.

Several other large investors also recently bought and sold shares of ES. Swedbank AB increased its holdings in shares of Eversource Energy by 6.9% in the 1st quarter. Swedbank AB now owns 592,971 shares of the utilities provider’s stock valued at $36,829,000 after acquiring an additional 38,298 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Eversource Energy by 68.2% in the 1st quarter. First Hawaiian Bank now owns 14,079 shares of the utilities provider’s stock valued at $874,000 after acquiring an additional 5,708 shares during the last quarter. Strs Ohio purchased a new position in shares of Eversource Energy in the 1st quarter valued at about $1,456,000. Ellsworth Advisors LLC purchased a new position in shares of Eversource Energy in the 1st quarter valued at about $852,000. Finally, Intrua Financial LLC increased its holdings in shares of Eversource Energy by 21.4% in the 1st quarter. Intrua Financial LLC now owns 8,395 shares of the utilities provider’s stock valued at $521,000 after acquiring an additional 1,477 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insiders Place Their Bets

In related news, insider Loretta D. Keane acquired 3,780 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was bought at an average cost 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 $795,020.31. The trade was a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Eversource Energy Stock Up 0.9%

Shares of NYSE ES opened at $65.65 on Friday. The stock has a market cap of $24.37 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $68.73. The business has a 50-day moving average price of $65.15 and a 200 day moving average price of $62.72.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, September 22nd. Eversource Energy’s dividend payout ratio (DPR) is presently 129.18%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ES. 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 report on Monday, July 21st. Mizuho increased their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $64.38.

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.