A number of other analysts have also recently commented on ES. Credit Suisse Group dropped their price target on Eversource Energy from $61.00 to $58.00 and set an underperform rating on the stock in a research report on Thursday, May 24th. Zacks Investment Research upgraded shares of Eversource Energy from a sell rating to a hold rating in a report on Friday, June 1st. ValuEngine lowered shares of Eversource Energy from a hold rating to a sell rating in a report on Saturday, June 2nd. Morgan Stanley decreased their price objective on shares of Eversource Energy from $62.00 to $59.00 and set an equal weight rating for the company in a report on Wednesday, June 13th. Finally, Janney Montgomery Scott upgraded shares of Eversource Energy from a neutral rating to a buy rating in a report on Friday, June 22nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Eversource Energy has a consensus rating of Buy and a consensus target price of $62.30.
Shares of ES opened at $63.51 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 1.07. Eversource Energy has a 52 week low of $52.76 and a 52 week high of $66.15. The company has a market capitalization of $20.08 billion, a PE ratio of 20.42, a P/E/G ratio of 3.29 and a beta of 0.24.
Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Eversource Energy had a return on equity of 9.07% and a net margin of 12.59%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. analysts forecast that Eversource Energy will post 3.25 earnings per share for the current fiscal year.
In related news, EVP Leon J. Olivier sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $62.03, for a total value of $3,101,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ES. Signaturefd LLC purchased a new stake in Eversource Energy during the 1st quarter valued at $106,000. Braun Bostich & Associates Inc. raised its stake in Eversource Energy by 1,308.3% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,727 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in Eversource Energy during the 1st quarter valued at $119,000. Optimum Investment Advisors purchased a new stake in Eversource Energy during the 1st quarter valued at $143,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Eversource Energy by 46.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 808 shares in the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.
Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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