Eversource Energy (NYSE:ES) Rating Lowered to “Sell” at StockNews.com

Eversource Energy (NYSE:ES) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

ES has been the subject of several other reports. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Jefferies Financial Group decreased their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday. Scotiabank decreased their price target on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research note on Thursday. Finally, Barclays decreased their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.00.

Eversource Energy Trading Down 1.5 %

Shares of Eversource Energy stock opened at $61.57 on Thursday. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01. The firm has a market cap of $22.56 billion, a PE ratio of -39.22, a PEG ratio of 2.25 and a beta of 0.62. 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 company has a 50 day simple moving average of $57.91 and a two-hundred day simple moving average of $62.68.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. Analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Institutional Trading of Eversource Energy

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its position in shares of Eversource Energy by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock worth $418,000 after buying an additional 166 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock worth $107,000 after buying an additional 176 shares during the period. UMB Bank n.a. grew its position in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after buying an additional 197 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Eversource Energy by 1.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after buying an additional 200 shares during the period. Finally, Signaturefd LLC grew its position in Eversource Energy by 1.8% during the 3rd quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock valued at $812,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

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.