APG Asset Management N.V. Buys 180,800 Shares of Eversource Energy (NYSE:ES)

APG Asset Management N.V. increased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 216.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 264,208 shares of the utilities provider's stock after purchasing an additional 180,800 shares during the period. APG Asset Management N.V. owned approximately 0.07% of Eversource Energy worth $14,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. HighTower Advisors LLC increased its stake in Eversource Energy by 0.5% during the third quarter. HighTower Advisors LLC now owns 59,170 shares of the utilities provider's stock valued at $4,016,000 after purchasing an additional 293 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Eversource Energy by 78.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 17,107 shares of the utilities provider's stock worth $1,164,000 after purchasing an additional 7,513 shares during the last quarter. MML Investors Services LLC grew its position in shares of Eversource Energy by 39.5% in the third quarter. MML Investors Services LLC now owns 21,435 shares of the utilities provider's stock valued at $1,459,000 after purchasing an additional 6,069 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Eversource Energy by 95.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 16,981 shares of the utilities provider's stock worth $1,156,000 after buying an additional 8,272 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Eversource Energy by 31.3% during the third quarter. Public Employees Retirement System of Ohio now owns 175,810 shares of the utilities provider's stock valued at $11,964,000 after purchasing an additional 41,882 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

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Eversource Energy Stock Performance

Shares of NYSE:ES traded up $0.79 during trading on Wednesday, hitting $58.77. 605,882 shares of the company traded hands, compared to its average volume of 2,319,910. The business's fifty day moving average is $60.39 and its 200-day moving average is $60.72. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. The stock has a market capitalization of $21.57 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.35 and a beta of 0.58. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. As a group, equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 5.12%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy's dividend payout ratio is presently 130.30%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research report on Monday. Scotiabank reduced their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. Guggenheim restated a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Eversource Energy presently has an average rating of "Hold" and a consensus price target of $65.78.

Insider Activity

In other news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the sale, the insider now owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jay S. Buth sold 980 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the sale, the vice president now 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 disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.