Robeco Institutional Asset Management B.V. Has $11.58 Million Holdings in Eversource Energy (NYSE:ES)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Eversource Energy (NYSE:ES – Get Rating) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,574 shares of the utilities provider’s stock after purchasing an additional 13,521 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Eversource Energy were worth $11,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ES. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Eversource Energy during the 1st quarter worth approximately $1,257,000. Dimensional Fund Advisors LP lifted its holdings in shares of Eversource Energy by 16.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,130,660 shares of the utilities provider’s stock worth $99,716,000 after acquiring an additional 158,844 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Eversource Energy by 8.5% during the 1st quarter. Vontobel Holding Ltd. now owns 7,816 shares of the utilities provider’s stock worth $693,000 after acquiring an additional 613 shares during the period. Sei Investments Co. lifted its holdings in shares of Eversource Energy by 1.5% during the 1st quarter. Sei Investments Co. now owns 153,081 shares of the utilities provider’s stock worth $13,510,000 after acquiring an additional 2,219 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Eversource Energy by 76.9% during the 1st quarter. Allianz Asset Management GmbH now owns 133,385 shares of the utilities provider’s stock worth $11,763,000 after acquiring an additional 57,995 shares during the period. Institutional investors and hedge funds own 77.37% of the company’s stock.

Eversource Energy Trading Down 1.2 %

ES opened at $75.91 on Friday. Eversource Energy has a twelve month low of $70.54 and a twelve month high of $94.63. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average of $79.27 and a 200-day moving average of $80.92. The stock has a market cap of $26.45 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45.

Eversource Energy (NYSE:ES – Get Rating) last posted its quarterly earnings data on Monday, February 13th. The utilities provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.02). Eversource Energy had a return on equity of 9.38% and a net margin of 11.43%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts predict that Eversource Energy will post 4.37 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 2nd will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This is a boost from Eversource Energy’s previous quarterly dividend of $0.64. This represents a $2.70 annualized dividend and a dividend yield of 3.56%. Eversource Energy’s dividend payout ratio is 66.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ES shares. Citigroup cut their price target on shares of Eversource Energy from $91.00 to $86.00 and set a “neutral” rating for the company in a report on Thursday, February 16th. Evercore ISI raised shares of Eversource Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $86.00 to $92.00 in a report on Tuesday, January 24th. Wolfe Research downgraded shares of Eversource Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 21st. UBS Group increased their price objective on shares of Eversource Energy from $77.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, December 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Eversource Energy from $99.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, February 15th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $89.00.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 1,943 shares of the firm’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $78.83, for a total value of $153,166.69. Following the completion of the sale, the insider now directly owns 20,763 shares in the company, valued at $1,636,747.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by corporate insiders.

About Eversource Energy

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Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Natural Gas Distribution and Water Distribution. The Electric Distribution segment distributes electricity to retail customers.