KBC Group NV Has $21.51 Million Position in Eversource Energy (NYSE:ES)

KBC Group NV trimmed its position in shares of Eversource Energy (NYSE:ES - Free Report) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,029 shares of the utilities provider's stock after selling 26,627 shares during the period. KBC Group NV owned approximately 0.09% of Eversource Energy worth $21,505,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lynx Investment Advisory acquired a new stake in Eversource Energy in the second quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at about $32,000. UMB Bank n.a. lifted its position in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after purchasing an additional 198 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Eversource Energy in the first quarter worth about $43,000. Finally, MFA Wealth Advisors LLC acquired a new position in Eversource Energy in the third quarter worth about $48,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Barclays lifted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Bank of America increased their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. BMO Capital Markets decreased their target price on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research note on Tuesday, October 15th. Finally, Scotiabank increased their price target on Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $70.46.

Eversource Energy Price Performance

Shares of NYSE ES traded up $0.37 during mid-day trading on Friday, reaching $61.85. The company had a trading volume of 1,718,516 shares, compared to its average volume of 2,400,929. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The stock has a market cap of $22.66 billion, a PE ratio of -39.39, a P/E/G ratio of 2.43 and a beta of 0.61. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The company has a 50-day moving average price of $65.24 and a two-hundred day moving average price of $62.84.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. On average, equities analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.62%. Eversource Energy's dividend payout ratio is -182.17%.

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.