Voya Investment Management LLC Decreases Stock Holdings in Eversource Energy $ES

Voya Investment Management LLC lowered its position in shares of Eversource Energy (NYSE:ES) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,342 shares of the utilities provider’s stock after selling 4,710 shares during the period. Voya Investment Management LLC’s holdings in Eversource Energy were worth $6,915,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinney & Scofield Inc. acquired a new position in shares of Eversource Energy during the 4th quarter worth about $33,000. Rossby Financial LCC acquired a new stake in shares of Eversource Energy during the 1st quarter worth about $34,000. First Financial Corp IN lifted its stake in Eversource Energy by 3,529.4% during the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 600 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Eversource Energy in the first quarter valued at approximately $46,000. Finally, Cromwell Holdings LLC boosted its holdings 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 purchasing an additional 254 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.2%

NYSE:ES opened at $63.28 on Thursday. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $68.17. 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 stock’s 50 day simple moving average is $65.12 and its 200-day simple moving average is $62.75. The firm has a market cap of $23.48 billion, a P/E ratio of 27.16, a PEG ratio of 2.38 and a beta of 0.64.

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

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, September 22nd. Eversource Energy’s dividend payout ratio is currently 129.18%.

Insider Buying and Selling

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the stock in a transaction on Friday, August 22nd. The shares were bought 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 $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ES. Mizuho raised their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Bank of America increased their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $64.38.

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.