Vontobel Holding Ltd. Sells 117,626 Shares of Eversource Energy (NYSE:ES)

Vontobel Holding Ltd. reduced its position in shares of Eversource Energy (NYSE:ES - Free Report) by 45.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 139,608 shares of the utilities provider's stock after selling 117,626 shares during the quarter. Vontobel Holding Ltd.'s holdings in Eversource Energy were worth $8,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its holdings in Eversource Energy by 101,201.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,617,104 shares of the utilities provider's stock worth $1,057,818,000 after purchasing an additional 12,604,649 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Eversource Energy by 1.7% in the 2nd quarter. Wells Fargo & Company MN now owns 7,863,718 shares of the utilities provider's stock valued at $557,695,000 after acquiring an additional 128,215 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Eversource Energy by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 7,548,700 shares of the utilities provider's stock valued at $589,477,000 after acquiring an additional 124,871 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Eversource Energy by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,296,972 shares of the utilities provider's stock valued at $404,856,000 after acquiring an additional 134,492 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Eversource Energy by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 6,628,663 shares of the utilities provider's stock valued at $385,457,000 after acquiring an additional 163,053 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Activity at Eversource Energy

In related news, insider Frederica M. Williams sold 2,714 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the sale, the insider now directly owns 21,621 shares of the company's stock, valued at $1,245,369.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Frederica M. Williams sold 2,714 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the sale, the insider now directly owns 21,621 shares of the company's stock, valued at $1,245,369.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linda Dorcena Forry sold 822 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares in the company, valued at $609,388.20. The disclosure for this sale can be found here. Insiders have sold 6,250 shares of company stock valued at $352,014 over the last ninety days. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on ES shares. Citigroup upped their price target on Eversource Energy from $58.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. StockNews.com raised Eversource Energy to a "sell" rating in a research note on Thursday, March 28th. Mizuho raised Eversource Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $54.00 to $62.00 in a research note on Thursday, February 15th. Wells Fargo & Company boosted their price objective on Eversource Energy from $67.00 to $69.00 and gave the company an "overweight" rating in a research report on Tuesday, January 9th. Finally, Argus decreased their price objective on Eversource Energy from $85.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy presently has a consensus rating of "Hold" and a consensus price target of $66.08.

Eversource Energy Stock Up 2.3 %

NYSE:ES traded up $1.31 during trading hours on Wednesday, reaching $58.51. 1,991,707 shares of the stock were exchanged, compared to its average volume of 3,012,084. The stock has a market cap of $20.52 billion, a PE ratio of -46.44, a PEG ratio of 3.09 and a beta of 0.58. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $79.92. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. The firm has a 50 day moving average of $58.40 and a 200 day moving average of $57.77.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3 billion. Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The business's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. On average, equities analysts expect that Eversource Energy will post 4.52 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.715 per share. This is a positive change from Eversource Energy's previous quarterly dividend of $0.68. This represents a $2.86 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Monday, March 4th. Eversource Energy's dividend payout ratio is -226.98%.

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.