Eversource Energy (NYSE:ES) Upgraded by StockNews.com to Hold Rating

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

Other equities research analysts have also issued reports about the stock. Scotiabank lowered their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a report on Thursday, February 13th. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. Barclays lowered their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and a consensus target price of $67.45.

Eversource Energy Price Performance

ES opened at $63.39 on Friday. The firm has a 50-day moving average price of $58.12 and a 200-day moving average price of $62.55. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.36 and a beta of 0.62.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 11.04%. Equities analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the sale, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Institutional Trading of Eversource Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new position in shares of Eversource Energy during the fourth quarter worth approximately $29,000. Assetmark Inc. increased its position in shares of Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 254 shares during the period. Brooklyn Investment Group purchased a new position in shares of Eversource Energy during the third quarter worth approximately $31,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Eversource Energy during the third quarter worth approximately $32,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

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.