Plato Investment Management Ltd Has $3.76 Million Stock Position in Eversource Energy (NYSE:ES)

Plato Investment Management Ltd lessened its holdings in Eversource Energy (NYSE:ES) by 43.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,320 shares of the utilities provider’s stock after selling 41,951 shares during the quarter. Plato Investment Management Ltd’s holdings in Eversource Energy were worth $3,761,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its position in Eversource Energy by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 169 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Eversource Energy by 27.4% in the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 185 shares in the last quarter. Bar Harbor Wealth Management boosted its position in shares of Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock valued at $271,000 after buying an additional 190 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Eversource Energy by 2.5% during the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock worth $475,000 after buying an additional 192 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES opened at $60.82 on Thursday. The firm has a 50-day moving average price of $65.63 and a 200-day moving average price of $62.86. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $22.28 billion, a price-to-earnings ratio of -38.74, a PEG ratio of 2.42 and a beta of 0.61.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. Eversource Energy’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. Equities analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.70%. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ES. Morgan Stanley increased their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. BMO Capital Markets dropped their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Bank of America increased their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company boosted their price objective on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.46.

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.