TD Asset Management Inc Increases Holdings in Eversource Energy $ES

TD Asset Management Inc grew its holdings in shares of Eversource Energy (NYSE:ES) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,549 shares of the utilities provider’s stock after buying an additional 8,059 shares during the quarter. TD Asset Management Inc owned 0.05% of Eversource Energy worth $12,762,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Lido Advisors LLC raised its position in shares of Eversource Energy by 6.9% during the 4th quarter. Lido Advisors LLC now owns 18,883 shares of the utilities provider’s stock valued at $1,337,000 after buying an additional 1,220 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Eversource Energy by 71.9% during the 4th quarter. CIBC Asset Management Inc now owns 88,722 shares of the utilities provider’s stock valued at $5,974,000 after buying an additional 37,109 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Eversource Energy by 11.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,833,876 shares of the utilities provider’s stock valued at $190,805,000 after buying an additional 288,792 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Eversource Energy by 45.7% during the 4th quarter. Natixis Advisors LLC now owns 93,932 shares of the utilities provider’s stock valued at $6,324,000 after buying an additional 29,453 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in shares of Eversource Energy by 49.9% during the 4th quarter. Root Financial Partners LLC now owns 538 shares of the utilities provider’s stock valued at $36,000 after buying an additional 179 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ES. BMO Capital Markets reduced their price objective on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a research report on Monday, May 11th. JPMorgan Chase & Co. increased their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Bank of America reissued a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Wells Fargo & Company increased their price objective on shares of Eversource Energy from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Argus raised shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.70.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Eversource Energy Stock Performance

Eversource Energy stock opened at $68.09 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. The firm has a market capitalization of $25.61 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 4.68 and a beta of 0.72. The company’s 50-day moving average is $68.82 and its 200 day moving average is $69.21.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts forecast that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be given a dividend of $0.7875 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.6%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.