KBC Group NV Has $18.32 Million Holdings in Eversource Energy (NYSE:ES)

KBC Group NV raised its stake in shares of Eversource Energy (NYSE:ES) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,048 shares of the utilities provider’s stock after buying an additional 3,019 shares during the period. KBC Group NV owned 0.09% of Eversource Energy worth $18,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its position in Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock worth $418,000 after purchasing an additional 166 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Eversource Energy by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock valued at $90,000 after buying an additional 169 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 176 shares during the period. UMB Bank n.a. lifted its position in Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 197 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Eversource Energy by 1.0% during the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock valued at $1,368,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their target price for the company from $66.00 to $56.00 in a research note on Thursday, December 12th. Barclays lowered their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group decreased their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $67.42.

Eversource Energy Price Performance

Shares of ES stock opened at $57.70 on Wednesday. The stock’s fifty day simple moving average is $58.93 and its 200 day simple moving average is $62.92. Eversource Energy has a one year low of $52.71 and a one year high of $69.01. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of -36.75, a P/E/G ratio of 2.13 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last posted its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. Eversource Energy’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.96%. Eversource Energy’s payout ratio is -182.17%.

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.