Eversource Energy (ES) Given Consensus Rating of “Hold” by Brokerages

Eversource Energy (NYSE:ES) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $62.83.

A number of brokerages have recently commented on ES. Bank of America reduced their target price on shares of Eversource Energy from $64.00 to $59.00 and set an “underperform” rating for the company in a report on Friday, February 2nd. Morgan Stanley reduced their target price on shares of Eversource Energy from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. Citigroup cut shares of Eversource Energy from a “neutral” rating to a “sell” rating in a report on Friday, February 2nd. Janney Montgomery Scott cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, UBS Group began coverage on shares of Eversource Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $66.00 target price for the company.

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC increased its stake in shares of Eversource Energy by 1.7% during the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 32 shares during the period. Calton & Associates Inc. acquired a new position in shares of Eversource Energy during the fourth quarter worth about $119,000. Resources Investment Advisors Inc. increased its stake in shares of Eversource Energy by 131.7% during the fourth quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 1,185 shares during the period. Farmers & Merchants Investments Inc. grew its position in Eversource Energy by 80.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock worth $133,000 after buying an additional 938 shares during the period. Finally, Risk Paradigm Group LLC grew its position in Eversource Energy by 111.7% during the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock worth $128,000 after buying an additional 1,117 shares during the period. Institutional investors and hedge funds own 71.76% of the company’s stock.

Shares of Eversource Energy (NYSE:ES) traded up $0.91 during trading hours on Friday, hitting $57.02. 2,749,817 shares of the stock were exchanged, compared to its average volume of 3,181,622. Eversource Energy has a 1-year low of $55.20 and a 1-year 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 stock has a market capitalization of $18,070.00, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.85 and a beta of 0.27.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be paid a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.54%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 5th. Eversource Energy’s payout ratio is 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.

Analyst Recommendations for Eversource Energy (NYSE:ES)

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