Jefferies Financial Group Lowers Eversource Energy (NYSE:ES) Price Target to $47.00

Eversource Energy (NYSE:ES) had its price objective cut by analysts at Jefferies Financial Group from $52.00 to $47.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underperform” rating on the utilities provider’s stock. Jefferies Financial Group’s target price suggests a potential downside of 18.07% from the company’s current price.

Several other brokerages have also issued reports on ES. Scotiabank lowered shares of 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 report on Thursday, December 12th. Mizuho increased their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Barclays decreased their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Finally, BMO Capital Markets decreased their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.42.

Eversource Energy Stock Down 0.6 %

Shares of NYSE:ES opened at $57.37 on Tuesday. Eversource Energy has a 52 week low of $52.71 and a 52 week high of $69.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The company has a market cap of $21.02 billion, a PE ratio of -36.54, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. The firm has a 50 day simple moving average of $58.85 and a 200 day simple moving average of $62.90.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new position in shares of Eversource Energy in the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new stake in Eversource Energy in the 3rd quarter valued at $32,000. UMB Bank n.a. grew its holdings in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares in the last quarter. Larson Financial Group LLC increased its position in Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Eversource Energy during the third quarter worth $48,000. Institutional investors and hedge funds 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.