Drucker Wealth 3.0 LLC Invests $850,000 in Eversource Energy $ES

Drucker Wealth 3.0 LLC purchased a new position in shares of Eversource Energy (NYSE:ES) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,051 shares of the utilities provider’s stock, valued at approximately $850,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Eversource Energy by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider’s stock worth $2,792,559,000 after acquiring an additional 351,780 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Eversource Energy by 4.5% during the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider’s stock worth $1,068,901,000 after acquiring an additional 739,448 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Eversource Energy by 6.2% during the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock worth $427,090,000 after acquiring an additional 401,866 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Eversource Energy by 0.5% in the first quarter. Invesco Ltd. now owns 6,036,393 shares of the utilities provider’s stock valued at $374,920,000 after purchasing an additional 32,304 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Eversource Energy by 3.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,702,415 shares of the utilities provider’s stock valued at $354,177,000 after purchasing an additional 185,146 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ES shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Eversource Energy in a report on Wednesday. Mizuho upped their price target 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. Finally, Bank of America upped their price target 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 analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.38.

Insider Transactions at Eversource Energy

In other news, insider Loretta D. Keane purchased 3,780 shares of Eversource Energy stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Eversource Energy Trading Down 0.1%

Shares of NYSE:ES opened at $72.31 on Friday. The company has a market capitalization of $26.83 billion, a P/E ratio of 31.03, a P/E/G ratio of 2.72 and a beta of 0.67. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $74.46. 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 business’s 50 day simple moving average is $66.69 and its 200 day simple moving average is $63.89.

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

Eversource Energy Announces Dividend

The company also recently disclosed 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. This represents a $3.01 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, September 22nd. Eversource Energy’s dividend 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.