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

Shares of Eversource Energy (NYSE:ES) have received a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $68.38.

A number of analysts have recently weighed in on the stock. Mizuho upped their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price target for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Jefferies Financial Group assumed coverage on Eversource Energy in a report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price objective for the company. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st.

Institutional Trading of Eversource Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Brooklyn Investment Group purchased a new stake in Eversource Energy in the 3rd quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Eversource Energy in the 3rd quarter valued at about $32,000. UMB Bank n.a. lifted its position in shares of Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Larson Financial Group LLC grew its position in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Eversource Energy in the third quarter worth $48,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Performance

ES opened at $56.73 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The business’s 50 day moving average is $60.25 and its 200-day moving average is $62.93. The stock has a market cap of $20.79 billion, a PE ratio of -36.13, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01.

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

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were given a $0.715 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $2.86 annualized dividend and a dividend yield of 5.04%. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

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.