PDS Planning Inc Increases Position in Eversource Energy $ES

PDS Planning Inc grew its holdings in Eversource Energy (NYSE:ES) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,840 shares of the utilities provider’s stock after acquiring an additional 173 shares during the period. PDS Planning Inc’s holdings in Eversource Energy were worth $244,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Eversource Energy by 105.6% in the 1st quarter. Farther Finance Advisors LLC now owns 4,623 shares of the utilities provider’s stock worth $287,000 after buying an additional 2,374 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Eversource Energy by 24.2% during the 1st quarter. GAMMA Investing LLC now owns 6,831 shares of the utilities provider’s stock valued at $424,000 after buying an additional 1,333 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Eversource Energy by 5.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,942 shares of the utilities provider’s stock valued at $866,000 after buying an additional 734 shares in the last quarter. CX Institutional bought a new stake in Eversource Energy during the 1st quarter valued at about $162,000. Finally, Simon Quick Advisors LLC bought a new stake in shares of Eversource Energy in the 1st quarter valued at about $238,000. 79.99% of the stock is currently owned by institutional investors.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Trading Down 0.1%

NYSE ES opened at $72.31 on Monday. The firm has a 50 day simple moving average of $66.69 and a 200-day simple moving average of $63.94. The firm has a market cap of $26.84 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 2.72 and a beta of 0.67. Eversource Energy has a one year low of $52.28 and a one year 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.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. Equities research analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on ES. Bank of America boosted their price objective on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Mizuho upped their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Eversource Energy in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average target price of $64.38.

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.