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

Eversource Energy (NYSE:ES) has been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $70.46.

A number of equities research analysts recently weighed in on ES shares. Scotiabank upped their price objective on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Morgan Stanley lifted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Bank of America boosted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company upped their price target on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd.

Eversource Energy Trading Down 0.6 %

NYSE ES opened at $61.67 on Wednesday. Eversource Energy has a one year low of $52.09 and a one year 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 capitalization of $22.60 billion, a price-to-earnings ratio of -39.28, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The company’s 50-day simple moving average is $64.99 and its two-hundred day simple moving average is $62.89.

Eversource Energy (NYSE:ES) last released 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. Equities analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is -182.17%.

Institutional Trading of Eversource Energy

Several large investors have recently made changes to their positions in the business. Lynx Investment Advisory acquired a new stake in Eversource Energy during the second quarter worth about $25,000. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new position in shares of Eversource Energy during the 3rd quarter valued at approximately $32,000. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 198 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares in the last quarter. 79.99% of the stock is 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.