Shares of Eversource Energy (NYSE:ES) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $62.95.
ES has been the subject of a number of analyst reports. Zacks Investment Research raised Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Wednesday, June 21st. Janney Montgomery Scott set a $71.00 price target on Eversource Energy and gave the stock a “buy” rating in a report on Monday, July 31st. Barclays PLC reaffirmed an “equal weight” rating and issued a $66.00 price target (up from $62.00) on shares of Eversource Energy in a report on Thursday, June 1st. Morgan Stanley raised their price target on Eversource Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 6th. Finally, Deutsche Bank AG lowered Eversource Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from $61.00 to $61.50 in a report on Monday, July 31st.
In related news, VP Werner J. Schweiger sold 48,544 shares of Eversource Energy stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $61.01, for a total transaction of $2,961,669.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Private Bank & Trust Co. raised its stake in Eversource Energy by 0.3% in the second quarter. Private Bank & Trust Co. now owns 4,167 shares of the utilities provider’s stock valued at $253,000 after buying an additional 13 shares in the last quarter. MAI Capital Management raised its stake in Eversource Energy by 0.6% in the second quarter. MAI Capital Management now owns 4,408 shares of the utilities provider’s stock valued at $268,000 after buying an additional 25 shares in the last quarter. Buckingham Asset Management LLC raised its stake in Eversource Energy by 0.6% in the second quarter. Buckingham Asset Management LLC now owns 4,047 shares of the utilities provider’s stock valued at $246,000 after buying an additional 25 shares in the last quarter. Cleararc Capital Inc. raised its stake in Eversource Energy by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,743 shares of the utilities provider’s stock valued at $455,000 after buying an additional 31 shares in the last quarter. Finally, Barry Investment Advisors LLC raised its stake in Eversource Energy by 0.8% in the first quarter. Barry Investment Advisors LLC now owns 6,220 shares of the utilities provider’s stock valued at $366,000 after buying an additional 49 shares in the last quarter. 71.03% of the stock is owned by institutional investors.
Eversource Energy (ES) traded down 0.731% during mid-day trading on Monday, hitting $61.765. The stock had a trading volume of 791,249 shares. The company has a market cap of $19.57 billion, a price-to-earnings ratio of 19.989 and a beta of 0.28. Eversource Energy has a 12 month low of $50.56 and a 12 month high of $63.34. The firm’s 50-day moving average is $60.98 and its 200 day moving average is $59.55.
Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts anticipate that Eversource Energy will post $3.15 EPS for the current fiscal year.
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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, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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