Toronto Dominion Bank Has $11.37 Million Holdings in Eversource Energy (NYSE:ES)

Toronto Dominion Bank boosted its position in Eversource Energy (NYSE:ES - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 197,922 shares of the utilities provider's stock after purchasing an additional 6,114 shares during the period. Toronto Dominion Bank owned about 0.05% of Eversource Energy worth $11,367,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Eversource Energy by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after purchasing an additional 1,387,072 shares during the last quarter. Wellington Management Group LLP grew its stake in Eversource Energy by 38.6% in the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after buying an additional 4,585,232 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Eversource Energy by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock valued at $570,500,000 after acquiring an additional 226,972 shares during the period. Geode Capital Management LLC raised its holdings in Eversource Energy by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock valued at $547,550,000 after acquiring an additional 517,042 shares during the period. Finally, FMR LLC lifted its position in Eversource Energy by 4.8% during the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock worth $422,259,000 after acquiring an additional 333,529 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on ES. Wells Fargo & Company cut their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Scotiabank dropped their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $65.78.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the transaction, the executive vice president now owns 10,988 shares of the company's stock, valued at approximately $703,232. The trade was a 19.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company's stock.

Eversource Energy Price Performance

Shares of NYSE:ES traded up $0.12 during trading on Monday, reaching $64.93. 1,775,251 shares of the company traded hands, compared to its average volume of 2,434,434. The company's 50 day moving average is $60.31 and its two-hundred day moving average is $59.96. The firm has a market capitalization of $23.85 billion, a PE ratio of 28.11, a PEG ratio of 2.35 and a beta of 0.61. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, meeting analysts' consensus estimates of $1.50. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Eversource Energy's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 earnings per share. As a group, sell-side analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's payout ratio is presently 129.74%.

Eversource Energy 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.