Eversource Energy (NYSE:ES) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $90.60.
ES has been the subject of several recent analyst reports. KeyCorp cut their price target on Eversource Energy from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Barclays cut their price target on Eversource Energy from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, May 22nd. UBS Group lifted their price target on Eversource Energy from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Morgan Stanley lifted their price target on Eversource Energy from $77.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. Finally, Guggenheim lowered Eversource Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $95.00 to $91.00 in a research note on Monday, August 24th.
In other news, VP Jay S. Buth sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $86.01, for a total value of $258,030.00. Also, VP Gregory B. Butler sold 5,375 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $86.04, for a total value of $462,465.00. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $1,220,051 over the last 90 days. Company insiders own 0.26% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in Eversource Energy during the second quarter worth $32,000. Lindbrook Capital LLC lifted its stake in Eversource Energy by 44.4% during the second quarter. Lindbrook Capital LLC now owns 400 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 123 shares in the last quarter. Centersquare Investment Management LLC acquired a new position in Eversource Energy during the first quarter worth $49,000. Verus Capital Partners LLC lifted its stake in Eversource Energy by 40.8% during the first quarter. Verus Capital Partners LLC now owns 690 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 200 shares in the last quarter. Finally, Elmwood Wealth Management Inc. acquired a new position in Eversource Energy during the first quarter worth $41,000. Institutional investors and hedge funds own 77.98% of the company’s stock.
Shares of ES stock traded down $0.28 on Wednesday, hitting $83.69. The company had a trading volume of 36,817 shares, compared to its average volume of 1,926,330. The firm has a market cap of $28.77 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 3.43 and a beta of 0.28. The company has a 50-day moving average price of $86.67 and a 200-day moving average price of $84.55. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.99. Eversource Energy has a twelve month low of $60.69 and a twelve month high of $99.42.
Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). Eversource Energy had a net margin of 13.52% and a return on equity of 8.99%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Equities research analysts expect that Eversource Energy will post 3.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.567 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.42. This represents a $2.27 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, September 16th. Eversource Energy’s payout ratio is 65.80%.
About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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