Eversource Energy (NYSE:ES) Upgraded by StockNews.com to Hold Rating

Eversource Energy (NYSE:ES) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also issued research reports about the company. Scotiabank lifted their price target on Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Morgan Stanley increased their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their price target on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays raised their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Bank of America lifted their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.46.

Eversource Energy Stock Down 0.9 %

ES traded down $0.52 on Tuesday, hitting $60.57. 1,664,831 shares of the company were exchanged, compared to its average volume of 2,408,875. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. The company has a market cap of $22.19 billion, a PE ratio of -38.58, a PEG ratio of 2.46 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.86. The stock’s fifty day moving average is $65.77 and its 200-day moving average is $62.85.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. Equities research analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Institutional Trading of Eversource Energy

Several institutional investors have recently made changes to their positions in ES. Sei Investments Co. boosted its holdings in shares of Eversource Energy by 62.9% in the 1st quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider’s stock worth $27,518,000 after buying an additional 177,692 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Eversource Energy in the 1st quarter worth about $78,000. QRG Capital Management Inc. boosted its holdings in shares of Eversource Energy by 2.9% in the 1st quarter. QRG Capital Management Inc. now owns 12,139 shares of the utilities provider’s stock worth $726,000 after buying an additional 343 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Eversource Energy by 2.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock worth $475,000 after buying an additional 192 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Eversource Energy by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 433,484 shares of the utilities provider’s stock worth $25,909,000 after buying an additional 30,996 shares during the last quarter. Institutional investors own 79.99% 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 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.