Robeco Institutional Asset Management B.V. Sells 18,771 Shares of Eversource Energy (NYSE:ES)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Eversource Energy (NYSE:ES) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 430,373 shares of the utilities provider’s stock after selling 18,771 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.12% of Eversource Energy worth $29,287,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ES. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Eversource Energy by 24.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider’s stock valued at $4,232,000 after acquiring an additional 13,950 shares during the period. Canada Pension Plan Investment Board increased its holdings in Eversource Energy by 6.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 646,334 shares of the utilities provider’s stock valued at $38,631,000 after buying an additional 37,219 shares during the period. Sei Investments Co. raised its position in shares of Eversource Energy by 62.9% in the 1st quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider’s stock valued at $27,518,000 after buying an additional 177,692 shares in the last quarter. Bensler LLC acquired a new position in shares of Eversource Energy in the 2nd quarter valued at approximately $316,000. Finally, M&G Plc lifted its holdings in shares of Eversource Energy by 16.8% during the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock worth $92,721,000 after acquiring an additional 234,361 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares in the company, valued at approximately $639,464.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now owns 9,032 shares in the company, valued at approximately $591,596. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Penelope M. Conner sold 500 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the transaction, the executive vice president now owns 9,847 shares of the company’s stock, valued at $639,464.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Eversource Energy Stock Performance

Shares of ES opened at $62.07 on Wednesday. The firm’s fifty day simple moving average is $66.26 and its two-hundred day simple moving average is $62.84. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $22.18 billion, a P/E ratio of -39.54, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61.

Eversource Energy (NYSE:ES) last released its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, analysts predict that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on ES. BMO Capital Markets lowered their price objective 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. Wells Fargo & Company raised their price target 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. Morgan Stanley lifted their price target 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. Bank of America raised their target price 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. Finally, Barclays upped their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $70.07.

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.