Kentucky Retirement Systems Insurance Trust Fund Has $720,000 Stake in Eversource Energy (NYSE:ES)

Kentucky Retirement Systems Insurance Trust Fund cut its stake in shares of Eversource Energy (NYSE:ES) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,581 shares of the utilities provider’s stock after selling 781 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Eversource Energy were worth $720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Lynx Investment Advisory acquired a new position in shares of Eversource Energy in the second quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy during the 3rd quarter worth approximately $32,000. UMB Bank n.a. lifted its position in shares of Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares during the period. Pathway Financial Advisers LLC bought a new stake in shares of Eversource Energy in the 1st quarter valued at $43,000. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Eversource Energy during the third quarter worth $48,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.4 %

Eversource Energy stock opened at $62.07 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The firm’s fifty day moving average price is $65.12 and its two-hundred day moving average price is $62.88. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of -39.54, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) 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 the consensus estimate of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. On average, equities research analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is currently -182.17%.

Analyst Ratings Changes

ES has been the topic of several recent analyst reports. Scotiabank boosted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Morgan Stanley raised their target price on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Mizuho boosted their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.