TD Waterhouse Canada Inc. Purchases 967 Shares of Eversource Energy $ES

TD Waterhouse Canada Inc. increased its position in Eversource Energy (NYSE:ES) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,533 shares of the utilities provider’s stock after buying an additional 967 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Eversource Energy were worth $1,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ES. Nuveen LLC bought a new stake in Eversource Energy in the 1st quarter worth $286,130,000. Wellington Management Group LLP boosted its holdings in shares of Eversource Energy by 4.5% during the first quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider’s stock worth $1,068,901,000 after purchasing an additional 739,448 shares during the period. Vanguard Group Inc. grew its stake in shares of Eversource Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock worth $2,904,422,000 after purchasing an additional 691,165 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in Eversource Energy by 6.2% during the 1st quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider’s stock valued at $427,090,000 after purchasing an additional 401,866 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in Eversource Energy by 244.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 373,788 shares of the utilities provider’s stock valued at $23,780,000 after purchasing an additional 265,290 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES opened at $64.54 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. The stock has a market cap of $24.21 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.33 and a beta of 0.69. The business’s 50 day moving average price is $71.18 and its 200-day moving average price is $66.82. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.07. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, September 22nd. Eversource Energy’s payout ratio is currently 82.47%.

Analyst Ratings Changes

A number of brokerages recently commented on ES. Wells Fargo & Company downgraded Eversource Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $79.00 to $63.00 in a report on Wednesday. Scotiabank dropped their target price on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Thursday. TD Cowen assumed coverage on shares of Eversource Energy in a research report on Thursday, October 16th. They set a “hold” rating and a $76.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Friday, October 31st. Finally, BMO Capital Markets reduced their target price on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating on the stock in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $69.70.

Insider Transactions at Eversource Energy

In related news, EVP James W. Hunt III sold 4,129 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.77, for a total transaction of $300,467.33. Following the sale, the executive vice president directly owned 32,415 shares of the company’s stock, valued at approximately $2,358,839.55. This represents a 11.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Eversource Energy 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.