Hamilton Capital LLC Purchases 358 Shares of Eversource Energy $ES

by · The Cerbat Gem

Hamilton Capital LLC boosted its stake in shares of Eversource Energy (NYSE:ES – Free Report) by 9.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,102 shares of the utilities provider’s stock after buying an additional 358 shares during the quarter. Hamilton Capital LLC’s holdings in Eversource Energy were worth $255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. purchased a new position in Eversource Energy during the 4th quarter valued at about $33,000. Rossby Financial LCC purchased a new position in Eversource Energy during the 1st quarter valued at about $34,000. CoreCap Advisors LLC grew its position in shares of Eversource Energy by 168.7% in the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider’s stock worth $35,000 after buying an additional 383 shares during the last quarter. First Financial Corp IN grew its position in shares of Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider’s stock worth $38,000 after buying an additional 600 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Eversource Energy in the 1st quarter worth approximately $46,000. Institutional investors own 79.99% of the company’s stock.

Insider Activity

In other news, insider Loretta D. Keane acquired 3,780 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $66.07 per share, with a total value of $249,744.60. Following the completion of the acquisition, the insider owned 12,033 shares of the company’s stock, 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 SEC, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Eversource Energy Price Performance

Eversource Energy stock opened at $63.49 on Monday. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $68.73. The firm has a market capitalization of $23.56 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.39 and a beta of 0.64. The company has a fifty day simple moving average of $65.15 and a 200-day simple moving average of $62.69. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.67.

Eversource Energy (NYSE:ES – Get Free Report) last released its 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. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, equities analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on ES. Bank of America lifted their price objective 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. Wall Street Zen upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, 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. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.38.

View Our Latest Analysis on ES

Eversource Energy Company Profile

(Free Report)

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.

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