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

Plato Investment Management Ltd reduced its holdings in Eversource Energy (NYSE:ES - Free Report) by 43.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lynx Investment Advisory acquired a new stake in shares of Eversource Energy during the second quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Eversource Energy in the third quarter valued at $32,000. UMB Bank n.a. boosted its position in shares of Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after buying an additional 198 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of Eversource Energy in the first quarter worth $43,000. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Eversource Energy during the third quarter valued at $48,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Up 1.0 %

Shares of NYSE:ES traded up $0.63 on Thursday, reaching $61.47. The company had a trading volume of 1,728,617 shares, compared to its average volume of 2,404,013. The stock has a market capitalization of $22.52 billion, a P/E ratio of -38.74, a P/E/G ratio of 2.42 and a beta of 0.61. The stock has a 50-day moving average price of $65.48 and a 200 day moving average price of $62.84. 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.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the company earned $0.97 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy's dividend payout ratio is currently -182.17%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays raised their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Bank of America boosted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company lifted their target price on shares of Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Mizuho upped their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $70.46.

About Eversource Energy

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.