Toronto Dominion Bank Grows Position in Eversource Energy (NYSE:ES)

Toronto Dominion Bank boosted its stake in Eversource Energy (NYSE:ES - Free Report) by 42.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,808 shares of the utilities provider's stock after purchasing an additional 57,161 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Eversource Energy worth $13,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Eversource Energy during the third quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy during the 3rd quarter valued at about $32,000. UMB Bank n.a. boosted its position in shares of Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 198 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after purchasing an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in shares of Eversource Energy in the third quarter worth approximately $48,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

Analyst Ratings Changes

ES has been the subject of several research analyst reports. Mizuho lifted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Barclays lifted their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. StockNews.com cut Eversource Energy from a "hold" rating to a "sell" rating in a research note on Friday. Morgan Stanley raised their price target on Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group started coverage on Eversource Energy in a report on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $68.38.

Eversource Energy Trading Down 0.5 %

ES stock traded down $0.27 during midday trading on Friday, hitting $59.52. The company had a trading volume of 1,495,073 shares, compared to its average volume of 2,366,158. The stock has a market cap of $21.81 billion, a price-to-earnings ratio of -37.91, a PEG ratio of 2.40 and a beta of 0.60. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The stock's 50 day moving average price is $63.17 and its 200 day moving average price is $63.12.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, equities research analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Wednesday, December 18th. 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.