Eversource Energy (NYSE:ES) Given Average Recommendation of “Hold” by Brokerages

Eversource Energy (NYSE:ES) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $70.07.

A number of equities research analysts recently weighed in on ES shares. Morgan Stanley upped their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Mizuho upped their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Scotiabank upped their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Barclays upped their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th.

Eversource Energy Price Performance

ES stock opened at $65.84 on Friday. The stock has a market capitalization of $23.53 billion, a PE ratio of -243.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61. The company’s 50-day moving average is $66.53 and its 200-day moving average is $62.46. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue was down 3.7% on a year-over-year basis. Equities research analysts expect that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio is currently -1,059.26%.

Insider Activity

In other news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at $591,596. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the transaction, the executive vice president now owns 9,847 shares of the company’s stock, valued at $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. LVW Advisors LLC grew its position in shares of Eversource Energy by 7.4% during the 1st quarter. LVW Advisors LLC now owns 8,052 shares of the utilities provider’s stock valued at $481,000 after purchasing an additional 552 shares in the last quarter. BKM Wealth Management LLC grew its position in shares of Eversource Energy by 26.1% during the 1st quarter. BKM Wealth Management LLC now owns 13,363 shares of the utilities provider’s stock valued at $799,000 after purchasing an additional 2,762 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Eversource Energy by 46.1% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,267 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 400 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Eversource Energy by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 878,968 shares of the utilities provider’s stock valued at $52,536,000 after purchasing an additional 3,407 shares in the last quarter. Finally, Norden Group LLC purchased a new position in shares of Eversource Energy during the 1st quarter valued at $461,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

About Eversource Energy

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.