Eversource Energy (NYSE:ES) Stake Lessened by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its position in shares of Eversource Energy (NYSE:ES) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,989 shares of the utilities provider’s stock after selling 3,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Eversource Energy were worth $9,118,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ES. Lynx Investment Advisory bought a new stake in shares of Eversource Energy in the 2nd quarter worth $25,000. UMB Bank n.a. boosted its stake in Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares in the last quarter. Manchester Capital Management LLC grew its holdings in Eversource Energy by 83.6% during the first quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 276 shares during the period. MFA Wealth Advisors LLC bought a new stake in Eversource Energy in the third quarter worth about $48,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Eversource Energy in the 1st quarter valued at about $43,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Down 2.1 %

NYSE:ES opened at $62.07 on Wednesday. The company has a market capitalization of $22.18 billion, a P/E ratio of -39.54, a P/E/G ratio of 2.48 and a beta of 0.61. The stock’s 50 day moving average price is $66.26 and its 200 day moving average price is $62.84. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01.

Eversource Energy (NYSE:ES) last posted its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ES shares. BMO Capital Markets lowered their price objective on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Mizuho upped their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Scotiabank raised their price objective on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley upped their target price on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $70.07.

Insider Buying and Selling

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

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.