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

Shares of Eversource Energy (NYSE:ESGet Rating) have earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $88.22.

A number of equities analysts have weighed in on ES shares. Morgan Stanley upped their price target on shares of Eversource Energy from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 22nd. StockNews.com started coverage on shares of Eversource Energy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company dropped their price target on shares of Eversource Energy from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, February 22nd. BMO Capital Markets lowered shares of Eversource Energy from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research report on Monday, January 10th. Finally, Wolfe Research lowered shares of Eversource Energy from an “outperform” rating to a “peer perform” rating and dropped their target price for the stock from $87.00 to $85.00 in a research report on Wednesday, March 9th.

Shares of NYSE ES opened at $92.60 on Friday. The firm has a 50 day moving average of $85.64 and a 200 day moving average of $86.09. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $31.90 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 3.65 and a beta of 0.43. Eversource Energy has a 12-month low of $78.44 and a 12-month high of $93.33.

Eversource Energy (NYSE:ESGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The utilities provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.02). The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. Eversource Energy had a return on equity of 9.29% and a net margin of 12.34%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. Sell-side analysts predict that Eversource Energy will post 4.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 3rd were paid a dividend of $0.6375 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, March 2nd. This represents a $2.55 dividend on an annualized basis and a yield of 2.75%. Eversource Energy’s dividend payout ratio is presently 72.03%.

In other news, insider Linda Dorcena Forry sold 1,487 shares of the stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $79.18, for a total value of $117,740.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP James W. Hunt III sold 4,444 shares of the stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $90.00, for a total transaction of $399,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,374 shares of company stock worth $895,464. 0.38% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Financial Advocates Investment Management raised its stake in shares of Eversource Energy by 3.8% in the third quarter. Financial Advocates Investment Management now owns 3,328 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 123 shares during the period. Parcion Private Wealth LLC increased its stake in Eversource Energy by 4.3% in the 3rd quarter. Parcion Private Wealth LLC now owns 3,090 shares of the utilities provider’s stock worth $266,000 after buying an additional 126 shares during the period. FineMark National Bank & Trust increased its stake in Eversource Energy by 2.9% in the 3rd quarter. FineMark National Bank & Trust now owns 4,626 shares of the utilities provider’s stock worth $378,000 after buying an additional 130 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Eversource Energy by 13.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,103 shares of the utilities provider’s stock worth $100,000 after buying an additional 131 shares during the period. Finally, Veritable L.P. increased its stake in Eversource Energy by 1.8% in the 3rd quarter. Veritable L.P. now owns 7,293 shares of the utilities provider’s stock worth $596,000 after buying an additional 132 shares during the period. 80.18% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Company Profile (Get Rating)

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.

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Analyst Recommendations for Eversource Energy (NYSE:ES)

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