Jefferies Financial Group Begins Coverage on Eversource Energy (NYSE:ES)

Equities researchers at Jefferies Financial Group assumed coverage on shares of Eversource Energy (NYSE:ES) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set an “underperform” rating and a $52.00 price target on the utilities provider’s stock. Jefferies Financial Group’s price objective points to a potential downside of 15.84% from the company’s current price.

A number of other analysts have also commented on the company. Morgan Stanley boosted their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Barclays upped their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Mizuho increased their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Bank of America increased their target price on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, BMO Capital Markets dropped their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.15.

Eversource Energy Stock Up 0.8 %

Shares of NYSE:ES opened at $61.79 on Tuesday. The company has a market capitalization of $22.64 billion, a price-to-earnings ratio of -39.36, a P/E/G ratio of 2.55 and a beta of 0.60. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The business’s 50-day moving average is $64.09 and its 200-day moving average is $63.04. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in Eversource Energy by 5.2% in the third quarter. Tidal Investments LLC now owns 13,849 shares of the utilities provider’s stock valued at $942,000 after acquiring an additional 689 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Eversource Energy in the third quarter valued at $270,000. World Investment Advisors LLC bought a new position in Eversource Energy in the third quarter valued at $277,000. Sanctuary Advisors LLC grew its stake in shares of Eversource Energy by 32.2% during the third quarter. Sanctuary Advisors LLC now owns 21,358 shares of the utilities provider’s stock valued at $1,354,000 after buying an additional 5,203 shares during the last quarter. Finally, Bard Financial Services Inc. grew its stake in shares of Eversource Energy by 244.9% during the third quarter. Bard Financial Services Inc. now owns 21,715 shares of the utilities provider’s stock valued at $1,478,000 after buying an additional 15,419 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.