Quantinno Capital Management LP Acquires 10,543 Shares of Eversource Energy (NYSE:ES)

Quantinno Capital Management LP increased its holdings in shares of Eversource Energy (NYSE:ES) by 48.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,489 shares of the utilities provider’s stock after purchasing an additional 10,543 shares during the quarter. Quantinno Capital Management LP’s holdings in Eversource Energy were worth $2,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its holdings in shares of Eversource Energy by 4.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,378 shares of the utilities provider’s stock valued at $986,000 after acquiring an additional 718 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Eversource Energy by 1.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 53,820 shares of the utilities provider’s stock worth $3,052,000 after purchasing an additional 678 shares during the last quarter. ORG Partners LLC bought a new stake in Eversource Energy in the 2nd quarter worth approximately $83,000. Welch Group LLC purchased a new stake in Eversource Energy during the 2nd quarter valued at $337,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in shares of Eversource Energy by 289.9% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,316 shares of the utilities provider’s stock valued at $131,000 after buying an additional 1,722 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

NYSE:ES opened at $60.54 on Wednesday. The business’s 50-day simple moving average is $63.69 and its two-hundred day simple moving average is $63.08. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The stock has a market cap of $22.18 billion, a PE ratio of -38.56, a P/E/G ratio of 2.39 and a beta of 0.60. 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) last issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Wednesday, December 18th. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

Analyst Ratings Changes

A number of analysts recently commented on ES shares. Bank of America upped their price objective on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets reduced their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley raised their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Jefferies Financial Group initiated coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 target price for the company. Finally, Mizuho lifted 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.15.

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.