Eversource Energy (NYSE:ES) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its holdings in Eversource Energy (NYSE:ES) by 68.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,270 shares of the utilities provider’s stock after selling 237,443 shares during the quarter. Toronto Dominion Bank’s holdings in Eversource Energy were worth $6,531,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Heritage Wealth Advisors purchased a new position in Eversource Energy in the 4th quarter valued at $25,000. Rise Advisors LLC purchased a new position in Eversource Energy in the 1st quarter valued at $27,000. Bfsg LLC purchased a new position in Eversource Energy in the 4th quarter valued at $31,000. Versant Capital Management Inc grew its position in Eversource Energy by 62.6% in the 1st quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock valued at $31,000 after buying an additional 201 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its position in Eversource Energy by 49.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock valued at $33,000 after buying an additional 181 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ES has been the topic of several research analyst reports. Scotiabank decreased their target price on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. The Goldman Sachs Group initiated coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They set a “buy” rating and a $73.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their target price on shares of Eversource Energy from $65.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, StockNews.com lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.43.

Eversource Energy Trading Up 1.4 %

Shares of ES stock traded up $0.90 during trading hours on Friday, hitting $64.50. 3,160,970 shares of the company were exchanged, compared to its average volume of 1,883,371. The firm has a market cap of $22.72 billion, a PE ratio of -54.66, a PEG ratio of 2.43 and a beta of 0.59. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $73.87. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The firm has a fifty day moving average of $58.93 and a 200 day moving average of $58.42.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $1.41 earnings per share. Eversource Energy’s revenue for the quarter was down 12.2% compared to the same quarter last year. Analysts expect that Eversource Energy will post 4.57 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 16th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Wednesday, May 15th. Eversource Energy’s payout ratio is currently -242.37%.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the completion of the sale, the executive vice president now owns 10,272 shares of the company’s stock, valued at $603,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Penelope M. Conner sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the completion of the sale, the executive vice president now owns 10,272 shares of the company’s stock, valued at $603,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregory B. Butler sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares of the company’s stock, valued at approximately $3,586,009.60. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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.