Eversource Energy $ES Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its stake in shares of Eversource Energy (NYSE:ES) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,098 shares of the utilities provider’s stock after selling 329 shares during the quarter. Securian Asset Management Inc.’s holdings in Eversource Energy were worth $1,215,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in shares of Eversource Energy during the second quarter valued at approximately $28,000. Hilltop National Bank acquired a new position in Eversource Energy in the second quarter worth approximately $32,000. Rossby Financial LCC acquired a new position in Eversource Energy in the first quarter worth approximately $34,000. Zions Bancorporation National Association UT acquired a new position in Eversource Energy in the first quarter worth approximately $46,000. Finally, Golden State Wealth Management LLC grew its position in Eversource Energy by 233.9% in the first quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider’s stock worth $52,000 after buying an additional 580 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ES. Weiss Ratings restated a “hold (c)” rating on shares of Eversource Energy in a research report on Wednesday, October 8th. Bank of America upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $73.00 to $85.00 in a research report on Tuesday. TD Cowen began coverage on shares of Eversource Energy in a research report on Thursday, October 16th. They issued a “hold” rating and a $76.00 price target on the stock. Jefferies Financial Group lifted their price target on shares of Eversource Energy from $54.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Eversource Energy in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.11.

Insider Activity

In related news, insider Loretta D. Keane bought 3,780 shares of the firm’s stock in a transaction on 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 purchase, the insider directly owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. This represents a 45.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

Eversource Energy Trading Up 1.0%

Eversource Energy stock opened at $73.84 on Friday. The company has a 50 day moving average price of $67.87 and a 200 day moving average price of $64.62. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $74.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. The firm has a market capitalization of $27.40 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 2.62 and a beta of 0.67.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Research analysts forecast 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. Shareholders of record on Monday, September 22nd were paid a dividend of $0.7525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.1%. Eversource Energy’s dividend payout ratio (DPR) is 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.