Plato Investment Management Ltd Invests $4.13 Million in Eversource Energy $ES

Key Points

• Plato Investment Management acquired 57,544 shares of Eversource Energy in the second quarter, valued at approximately $4.13 million. Institutional investors collectively own about 79.99% of the company.
• Analysts maintain a broadly cautious outlook, with four Buy, six Hold, and three Sell ratings. The stock has an average rating of Hold and an average price target of $72.92.
• Eversource reported quarterly EPS of $0.87, matching estimates, while revenue rose 2.3% year over year to $2.90 billion but fell short of the $2.99 billion consensus forecast.

Plato Investment Management Ltd acquired a new stake in Eversource Energy (NYSE:ES - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 57,544 shares of the utilities provider's stock, valued at approximately $4,134,000.

Other large investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC lifted its position in Eversource Energy by 220.2% during the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 240 shares during the last quarter. Activest Wealth Management increased its holdings in shares of Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 374 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in shares of Eversource Energy during the fourth quarter worth $28,000. Godfrey Financial Associates Inc. purchased a new position in shares of Eversource Energy during the 4th quarter valued at about $29,000. Finally, Quest 10 Wealth Builders Inc. acquired a new position in shares of Eversource Energy in the 4th quarter valued at $30,000. Institutional investors own 79.99% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research note on Wednesday, July 1st. Citigroup reiterated a "hold" rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Bank of America restated a "buy" rating and set a $72.00 target price on shares of Eversource Energy in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Eversource Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 10th. Finally, Mizuho boosted their price target on Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $72.92.

Eversource Energy Stock Down 0.0%

ES stock opened at $72.34 on Monday. Eversource Energy has a one year low of $61.53 and a one year high of $76.57. The company has a 50 day moving average price of $72.41 and a two-hundred day moving average price of $70.91. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The stock has a market capitalization of $27.25 billion, a P/E ratio of 18.74, a PEG ratio of 5.34 and a beta of 0.70.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting analysts' consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the firm posted $0.96 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts expect that Eversource Energy will post 4.64 EPS for the current year.

Insider Buying and Selling at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares of the company's stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company's stock.

Eversource Energy Company Profile

Eversource Energy NYSE: ES is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company's core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.

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