Robeco Institutional Asset Management B.V. Has $17.15 Million Stock Position in Eversource Energy (NYSE:ES)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 276,094 shares of the utilities provider's stock after selling 133,383 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of Eversource Energy worth $17,148,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ES. Mizuho Bank Ltd. acquired a new position in Eversource Energy during the fourth quarter worth about $26,000. Assetmark Inc. increased its position in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in Eversource Energy during the 4th quarter worth approximately $33,000. OFI Invest Asset Management acquired a new stake in Eversource Energy in the fourth quarter valued at approximately $35,000. Finally, CoreCap Advisors LLC boosted its position in Eversource Energy by 168.7% in the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after buying an additional 383 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Stock Up 0.1%

Shares of ES opened at $63.33 on Friday. The company has a market capitalization of $23.27 billion, a PE ratio of 27.30, a PEG ratio of 2.36 and a beta of 0.63. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01. The stock's 50-day moving average price is $62.57 and its two-hundred day moving average price is $60.22. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.50. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the company earned $1.49 earnings per share. The firm's revenue was up 23.6% compared to the same quarter last year. On average, analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's dividend payout ratio is presently 129.74%.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the transaction, the executive vice president now directly owns 10,988 shares in the company, valued at approximately $703,232. This represents a 19.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ES shares. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. BMO Capital Markets upped their target price on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Mizuho boosted their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $65.67.

Eversource Energy Company 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.

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