ING Groep NV Sells 1,000 Shares of Eversource Energy (NYSE:ES)

ING Groep NV lowered its holdings in shares of Eversource Energy (NYSE:ES) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,797 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. ING Groep NV’s holdings in Eversource Energy were worth $2,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP purchased a new position in shares of Eversource Energy in the 3rd quarter worth approximately $808,783,000. National Bank of Canada FI boosted its stake in Eversource Energy by 446.0% during the third quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider’s stock worth $51,019,000 after buying an additional 612,421 shares during the period. Nordea Investment Management AB increased its position in Eversource Energy by 41.7% during the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock valued at $99,554,000 after acquiring an additional 510,582 shares during the last quarter. State Street Corp increased its position in Eversource Energy by 1.7% during the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock valued at $1,737,990,000 after acquiring an additional 430,587 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Eversource Energy by 518.1% in the third quarter. Retirement Systems of Alabama now owns 480,278 shares of the utilities provider’s stock valued at $32,683,000 after acquiring an additional 402,574 shares during the period. Institutional investors own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Stock Up 0.0 %

NYSE:ES opened at $63.41 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. Eversource Energy has a 1-year low of $54.75 and a 1-year high of $69.01. The company has a 50-day moving average of $58.19 and a 200 day moving average of $62.52. The firm has a market cap of $23.26 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62.

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

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.75%. The ex-dividend date is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is 123.81%.

Analyst Ratings Changes

Several equities analysts recently commented on ES shares. Wells Fargo & Company cut their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Scotiabank cut their target price on 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. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Barclays cut their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.45.

About Eversource Energy

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.