Eversource Energy (NYSE:ES) Rating Increased to Sell at StockNews.com

Eversource Energy (NYSE:ESGet Free Report) was upgraded by analysts at StockNews.com to a “sell” rating in a research note issued on Thursday.

Several other equities analysts also recently commented on ES. Citigroup boosted their price objective on Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Wells Fargo & Company upped their target price on Eversource Energy from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. BMO Capital Markets upped their target price on Eversource Energy from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Mizuho raised Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $54.00 to $62.00 in a research note on Thursday, February 15th. Finally, Guggenheim raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $72.00 in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.08.

Get Our Latest Report on ES

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $58.98 on Thursday. The stock’s 50-day simple moving average is $56.89 and its 200-day simple moving average is $58.10. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $81.36. The company has a market capitalization of $20.69 billion, a price-to-earnings ratio of -46.81, a PEG ratio of 3.04 and a beta of 0.58. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ESGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Eversource Energy’s revenue was down 11.1% on a year-over-year basis. As a group, analysts expect that Eversource Energy will post 4.55 earnings per share for the current fiscal year.

Insider Transactions at Eversource Energy

In other news, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the sale, the insider now owns 21,621 shares of the company’s stock, valued at approximately $1,245,369.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the sale, the insider now owns 21,621 shares of the company’s stock, valued at approximately $1,245,369.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the sale, the insider now directly owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The disclosure for this sale can be found here. Insiders sold 6,250 shares of company stock valued at $352,014 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of Eversource Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new stake in Eversource Energy during the 4th quarter worth about $434,000. HighPoint Advisor Group LLC acquired a new position in shares of Eversource Energy in the 4th quarter valued at about $282,000. PNC Financial Services Group Inc. lifted its holdings in shares of Eversource Energy by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 441,990 shares of the utilities provider’s stock valued at $27,280,000 after buying an additional 3,956 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Eversource Energy by 15.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,375 shares of the utilities provider’s stock valued at $270,000 after buying an additional 590 shares during the period. Finally, SageView Advisory Group LLC lifted its holdings in shares of Eversource Energy by 9.4% in the 4th quarter. SageView Advisory Group LLC now owns 9,293 shares of the utilities provider’s stock valued at $574,000 after buying an additional 801 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Company Profile

(Get Free Report)

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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