Robeco Institutional Asset Management B.V. Sells 18,771 Shares of Eversource Energy (NYSE:ES)

Robeco Institutional Asset Management B.V. reduced its holdings in Eversource Energy (NYSE:ES - Free Report) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 430,373 shares of the utilities provider's stock after selling 18,771 shares during the period. Robeco Institutional Asset Management B.V. owned 0.12% of Eversource Energy worth $29,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ES. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Eversource Energy by 24.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider's stock valued at $4,232,000 after buying an additional 13,950 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Eversource Energy by 6.1% in the first quarter. Canada Pension Plan Investment Board now owns 646,334 shares of the utilities provider's stock valued at $38,631,000 after acquiring an additional 37,219 shares during the last quarter. Sei Investments Co. grew its position in shares of Eversource Energy by 62.9% in the 1st quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider's stock valued at $27,518,000 after acquiring an additional 177,692 shares during the period. Bensler LLC acquired a new position in shares of Eversource Energy during the 2nd quarter worth about $316,000. Finally, M&G Plc increased its stake in shares of Eversource Energy by 16.8% during the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider's stock worth $92,721,000 after purchasing an additional 234,361 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

ES has been the subject of a number of research analyst reports. Bank of America lifted their price target on Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Wells Fargo & Company lifted their target price on Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Scotiabank raised their price target on Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets reduced their price objective on shares of Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Eversource Energy currently has an average rating of "Hold" and a consensus price target of $70.07.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 500 shares of the business's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the transaction, the executive vice president now owns 9,847 shares of the company's stock, valued at approximately $639,464.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Penelope M. Conner sold 500 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the sale, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Eversource Energy Stock Performance

Shares of ES traded down $1.37 during mid-day trading on Wednesday, hitting $60.70. 4,176,602 shares of the company's stock were exchanged, compared to its average volume of 2,411,389. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The stock's 50-day simple moving average is $66.14 and its 200-day simple moving average is $62.82. The firm has a market cap of $21.69 billion, a price-to-earnings ratio of -38.66, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 11.00% and a negative net margin of 4.73%. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. On average, equities research analysts expect that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 4.71%. The ex-dividend date was Monday, September 23rd. Eversource Energy's payout ratio is presently -182.17%.

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.