Voya Investment Management LLC Sells 4,638 Shares of Eversource Energy (NYSE:ES)

Voya Investment Management LLC lowered its holdings in Eversource Energy (NYSE:ES - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,052 shares of the utilities provider's stock after selling 4,638 shares during the period. Voya Investment Management LLC's holdings in Eversource Energy were worth $6,665,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ES. Mizuho Bank Ltd. acquired a new stake in Eversource Energy in the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new stake in shares of Eversource Energy during the fourth quarter valued at about $29,000. Assetmark Inc. lifted its holdings in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares during the period. Venturi Wealth Management LLC grew its position in Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after buying an additional 301 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Eversource Energy during the 4th quarter valued at about $35,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Down 0.5 %

NYSE:ES traded down $0.29 during trading hours on Friday, hitting $58.79. 3,877,379 shares of the company's stock traded hands, compared to its average volume of 2,389,048. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The stock's fifty day moving average price is $59.46 and its two-hundred day moving average price is $60.13. The firm has a market cap of $21.58 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.35 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Eversource Energy's quarterly revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. On average, research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 annualized dividend and a yield of 5.12%. Eversource Energy's dividend payout ratio (DPR) is 129.74%.

Insider Buying and Selling

In related news, VP Jay S. Buth sold 980 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the sale, the vice president now directly owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, the insider now directly owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ES has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Barclays lowered their target price on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. BMO Capital Markets upped their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Scotiabank lowered their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Finally, Wells Fargo & Company cut their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $65.78.

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.