Boston Common Asset Management LLC Sells 7,898 Shares of Eversource Energy $ES

Boston Common Asset Management LLC trimmed its position in Eversource Energy (NYSE:ES) by 6.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 106,006 shares of the utilities provider’s stock after selling 7,898 shares during the period. Boston Common Asset Management LLC’s holdings in Eversource Energy were worth $6,744,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in Eversource Energy in the 2nd quarter worth about $32,000. Rossby Financial LCC purchased a new position in Eversource Energy in the first quarter valued at about $34,000. Zions Bancorporation National Association UT purchased a new position in Eversource Energy in the first quarter valued at about $46,000. Golden State Wealth Management LLC boosted its stake 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 valued at $52,000 after acquiring an additional 580 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its stake in Eversource Energy by 44.2% in the first quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 254 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Performance

Shares of ES stock opened at $72.52 on Friday. The stock has a market capitalization of $26.91 billion, a P/E ratio of 31.12, a PEG ratio of 2.73 and a beta of 0.67. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. The firm’s 50 day moving average is $66.00 and its 200 day moving average is $63.49. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $73.48.

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

Eversource Energy Dividend Announcement

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

Wall Street Analyst Weigh In

ES has been the topic of a number of research analyst reports. Mizuho boosted 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Eversource Energy in a research note on Saturday, September 27th. Finally, Bank of America boosted 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. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.38.

Insiders Place Their Bets

In other news, insider Loretta D. Keane bought 3,780 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $66.07 per share, with a total value of $249,744.60. Following the acquisition, the insider 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 SEC, which is available through this link. Company insiders own 0.41% of the company’s stock.

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.