Toronto Dominion Bank Has $7.64 Million Holdings in Eversource Energy (NYSE:ES)

Toronto Dominion Bank raised its holdings in Eversource Energy (NYSE:ES) by 23.2% in the second quarter, Holdings Channel reports. The fund owned 134,647 shares of the utilities provider’s stock after acquiring an additional 25,377 shares during the period. Toronto Dominion Bank’s holdings in Eversource Energy were worth $7,636,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ES. Squarepoint Ops LLC grew its position in shares of Eversource Energy by 53.7% in the 2nd quarter. Squarepoint Ops LLC now owns 60,481 shares of the utilities provider’s stock valued at $3,430,000 after purchasing an additional 21,135 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Eversource Energy by 60.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,971 shares of the utilities provider’s stock valued at $3,798,000 after buying an additional 25,264 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Eversource Energy in the second quarter valued at approximately $291,000. Public Sector Pension Investment Board increased its position in shares of Eversource Energy by 0.6% during the second quarter. Public Sector Pension Investment Board now owns 3,385,281 shares of the utilities provider’s stock worth $191,979,000 after acquiring an additional 20,207 shares in the last quarter. Finally, Great Oak Capital Partners LLC bought a new stake in shares of Eversource Energy during the second quarter worth $980,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Performance

NYSE ES opened at $67.52 on Friday. The firm has a market capitalization of $23.78 billion, a P/E ratio of -57.22, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The firm’s fifty day moving average price is $66.23 and its two-hundred day moving average price is $61.56. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $69.01.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the firm earned $1.00 EPS. Eversource Energy’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Eversource Energy will post 4.57 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.715 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.24%. Eversource Energy’s dividend payout ratio is currently -242.37%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company upped their price objective on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays lifted their target price on Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. BMO Capital Markets reduced their price target on Eversource Energy from $73.00 to $70.00 and set a “market perform” rating for the company in a research report on Monday, August 19th. Finally, StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $68.93.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the firm’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 completion of the sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at approximately $591,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at approximately $591,596. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 500 shares of the business’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 value of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. The disclosure for this sale can be found here. 0.41% of the stock is owned by 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.