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

Toronto Dominion Bank grew its stake in Eversource Energy (NYSE:ES - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,922 shares of the utilities provider's stock after acquiring an additional 6,114 shares during the period. Toronto Dominion Bank owned 0.05% of Eversource Energy worth $11,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in Eversource Energy by 38.6% during the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after purchasing an additional 4,585,232 shares during the last quarter. Norges Bank acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $188,838,000. Amundi raised its stake in shares of Eversource Energy by 32.2% during the fourth quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock worth $367,691,000 after buying an additional 1,579,818 shares during the last quarter. Vanguard Group Inc. lifted its holdings in 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 buying an additional 1,387,072 shares during the period. Finally, Magellan Asset Management Ltd lifted its holdings in Eversource Energy by 15.9% in the fourth quarter. Magellan Asset Management Ltd now owns 6,474,477 shares of the utilities provider's stock valued at $371,829,000 after buying an additional 890,514 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Up 0.6%

NYSE ES traded up $0.39 during trading hours on Monday, reaching $63.45. 1,587,252 shares of the company's stock were exchanged, compared to its average volume of 2,430,870. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The company's 50-day moving average is $59.88 and its two-hundred day moving average is $59.83. Eversource Energy has a one year low of $52.28 and a one year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.50. The firm had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The company's revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. On average, analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.74%. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ES. BMO Capital Markets lifted their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Wells Fargo & Company dropped their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Jefferies Financial Group decreased their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Finally, Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $65.78.

Insider Activity

In related news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Company 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.