Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Eversource Energy (NYSE:ES)

Robeco Institutional Asset Management B.V. reduced its position in Eversource Energy (NYSE:ES - Free Report) by 32.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 276,094 shares of the utilities provider's stock after selling 133,383 shares during the period. Robeco Institutional Asset Management B.V. owned 0.08% of Eversource Energy worth $17,148,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Bank Ltd. bought a new stake in shares of Eversource Energy during the 4th quarter valued at $26,000. Assetmark Inc. increased its position in shares of Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after buying an additional 254 shares during the period. Pinney & Scofield Inc. bought a new stake in shares of Eversource Energy during the fourth quarter valued at about $33,000. CoreCap Advisors LLC increased its position in shares of Eversource Energy by 168.7% during 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 during the period. Finally, First Financial Corp IN lifted its holdings in shares of Eversource Energy by 3,529.4% in the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock worth $38,000 after buying an additional 600 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ES has been the topic of a number of analyst reports. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Mizuho upped their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. BMO Capital Markets increased their price objective on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.67.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the transaction, the executive vice president owned 10,988 shares in the company, valued at $703,232. This represents a 19.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by insiders.

Eversource Energy Stock Up 0.1%

Shares of ES traded up $0.03 on Wednesday, reaching $64.58. The stock had a trading volume of 1,060,131 shares, compared to its average volume of 2,488,648. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. The company has a 50-day simple moving average of $62.84 and a 200-day simple moving average of $60.28. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the business posted $1.49 EPS. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. Sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.7525 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.66%. Eversource Energy's dividend payout ratio is presently 129.74%.

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.