TD Asset Management Inc Raises Stock Position in Eversource Energy $ES

TD Asset Management Inc lifted its stake in shares of Eversource Energy (NYSE:ES) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,549 shares of the utilities provider’s stock after acquiring an additional 8,059 shares during the quarter. TD Asset Management Inc’s holdings in Eversource Energy were worth $12,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Eversource Energy by 1.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after purchasing an additional 142 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Eversource Energy by 1.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 160 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Eversource Energy by 4.9% during the third quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock valued at $259,000 after purchasing an additional 169 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Eversource Energy by 49.9% during the fourth quarter. Root Financial Partners LLC now owns 538 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 179 shares in the last quarter. Finally, Exencial Wealth Advisors LLC boosted its stake in shares of Eversource Energy by 5.7% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,458 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 185 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

Shares of ES opened at $68.09 on Tuesday. The company has a market cap of $25.61 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 4.68 and a beta of 0.72. Eversource Energy has a twelve month low of $61.53 and a twelve month high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average of $68.82 and a two-hundred day moving average of $69.21.

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

Eversource Energy Dividend Announcement

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

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction 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 completion of the sale, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Scotiabank dropped their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets dropped 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 note on Monday, May 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. Finally, UBS Group lowered their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus price target of $71.70.

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.