Catalyst Capital Advisors LLC Buys Shares of 1,813 Eversource Energy $ES

Catalyst Capital Advisors LLC bought a new stake in Eversource Energy (NYSE:ES) during the second quarter, Holdings Channel.com reports. The fund bought 1,813 shares of the utilities provider’s stock, valued at approximately $115,000.

A number of other hedge funds also recently modified their holdings of the company. PDS Planning Inc lifted its position in shares of Eversource Energy by 4.7% in the 2nd quarter. PDS Planning Inc now owns 3,840 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 173 shares during the period. Avidian Wealth Enterprises LLC lifted its position in shares of Eversource Energy by 2.9% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 6,179 shares of the utilities provider’s stock worth $393,000 after acquiring an additional 176 shares during the period. Thrive Wealth Management LLC lifted its position in shares of Eversource Energy by 3.6% in the 2nd quarter. Thrive Wealth Management LLC now owns 5,445 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 189 shares during the period. Penobscot Investment Management Company Inc. lifted its position in shares of Eversource Energy by 1.4% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 14,418 shares of the utilities provider’s stock worth $917,000 after acquiring an additional 195 shares during the period. Finally, Capital Investment Advisors LLC lifted its position in shares of Eversource Energy by 0.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 26,467 shares of the utilities provider’s stock worth $1,684,000 after acquiring an additional 210 shares during the period. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

Eversource Energy stock opened at $74.73 on Friday. 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 company has a market capitalization of $27.73 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67. Eversource Energy has a one year low of $52.28 and a one year high of $75.05. The business has a 50 day simple moving average of $68.05 and a 200 day simple moving average of $64.84.

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

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 yield of 4.0%. Eversource Energy’s payout ratio is presently 129.18%.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was purchased 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 in the company, valued at $795,020.31. This trade represents a 45.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

ES has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on Eversource Energy from $54.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Eversource Energy in a research report on Wednesday, October 8th. TD Cowen began coverage on Eversource Energy in a research report on Thursday, October 16th. They issued a “hold” rating and a $76.00 price objective for the company. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $73.00 to $85.00 in a research report on Tuesday, October 21st. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Eversource Energy in a research report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $69.11.

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.