Toronto Dominion Bank raised its holdings in Eversource Energy (NYSE:ES) by 13.6% in the fourth quarter, Holdings Channel reports. The fund owned 136,500 shares of the utilities provider’s stock after acquiring an additional 16,298 shares during the period. Toronto Dominion Bank’s holdings in Eversource Energy were worth $8,623,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC lifted its holdings in Eversource Energy by 1.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 32 shares during the last quarter. Calton & Associates Inc. acquired a new stake in Eversource Energy in the 4th quarter valued at about $119,000. Resources Investment Advisors Inc. lifted its holdings in Eversource Energy by 131.7% in the 4th quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 1,185 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Eversource Energy by 80.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 938 shares during the last quarter. Finally, Risk Paradigm Group LLC lifted its holdings in Eversource Energy by 111.7% in the 3rd quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 1,117 shares during the last quarter. 71.58% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. Morgan Stanley downgraded Eversource Energy from an “overweight” rating to an “equal weight” rating and set a $63.00 price objective on the stock. in a report on Tuesday, February 13th. Bank of America cut their price objective on Eversource Energy from $64.00 to $59.00 and set an “underperform” rating on the stock in a report on Friday, February 2nd. Citigroup downgraded Eversource Energy from a “neutral” rating to a “sell” rating in a report on Friday, February 2nd. Janney Montgomery Scott downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, UBS Group assumed coverage on Eversource Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $66.00 price objective on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Eversource Energy has a consensus rating of “Hold” and a consensus target price of $63.63.
Eversource Energy (NYSE ES) opened at $59.12 on Friday. The firm has a market capitalization of $18,734.30, a PE ratio of 19.19, a PEG ratio of 2.97 and a beta of 0.27. Eversource Energy has a twelve month low of $55.85 and a twelve month high of $66.15. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be issued a $0.505 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 5th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.42%. Eversource Energy’s dividend payout ratio is currently 61.69%.
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Eversource Energy Company Profile
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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