Research Analysts’ Weekly Ratings Updates for Eversource Energy (ES)

Eversource Energy (NYSE: ES) has recently received a number of price target changes and ratings updates:

  • 2/2/2018 – Eversource Energy had its price target lowered by analysts at Bank of America Corp from $64.00 to $59.00. They now have an “underperform” rating on the stock.
  • 2/2/2018 – Eversource Energy had its price target lowered by analysts at Morgan Stanley from $67.00 to $63.00. They now have an “overweight” rating on the stock.
  • 2/2/2018 – Eversource Energy was downgraded by analysts at Citigroup Inc from a “neutral” rating to a “sell” rating.
  • 2/2/2018 – Eversource Energy was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating.
  • 2/2/2018 – Eversource Energy is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $66.00 price target on the stock.
  • 2/2/2018 – Eversource Energy had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $64.00 price target on the stock.
  • 1/23/2018 – Eversource Energy was downgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating. They now have a $59.00 price target on the stock, down previously from $63.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/18/2018 – Eversource Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Eversource Energy returned higher than the industry in last 12 months. Eversource Energy‘s systematic investments in renewable energy generation, primarily in transmission and distribution systems will help it to provide reliable services to its customers.  Margins of the company will improve if the company continues to reduce operating costs. Moreover, its regulated investment plans will help it to boost earnings per share by 5–7% over the 2017–2020 time frame from the 2016 level of $2.96. However, the company's decision to withdraw its Access Northeast Pipeline plan due to regulatory uncertainty, will have an adverse impact on its growth prospects.  Moreover, it faces challenges due to severe weather conditions.”
  • 1/16/2018 – Eversource Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “Shares of Eversource Energy returned higher than the industry in last 12 months. Eversource Energy‘s systematic investments in renewable energy generation, primarily in transmission and distribution systems will help it to provide reliable services to its customers.  Margins of the company will improve if the company continues to reduce operating costs. Moreover, its regulated investment plans will help it to boost earnings per share by 5–7% over the 2017–2020 time frame from the 2016 level of $2.96. However, the company's decision to withdraw its Access Northeast Pipeline plan due to regulatory uncertainty, will have an adverse impact on its growth prospects.  Moreover, it faces challenges due to severe weather conditions.”
  • 1/9/2018 – Eversource Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Eversource Energy returned higher than the industry in last six months. Eversource Energy‘s systematic investments in renewable energy generation, primarily in transmission and distribution systems will help it to provide reliable services to its customers.  Margins of the company will improve if the company continues to reduce operating costs. Moreover, its regulated investment plans will help it to boost earnings per share by 5–7% over the 2017–2020 time frame from the 2016 level of $2.96. However, the company's decision to withdraw its Access Northeast Pipeline plan due to regulatory uncertainty, will have an adverse impact on its growth prospects.  Moreover, it faces challenges due to severe weather conditions.”
  • 1/8/2018 – Eversource Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “Shares of Eversource Energy returned higher than the industry in last 12 months. Eversource Energy‘s systematic investments in renewable energy generation, primarily in transmission and distribution systems will help it to provide reliable services to its customers.  Margins of the company will improve if the company continues to reduce operating costs. Moreover, its regulated investment plans will help it to boost earnings per share by 5–7% over the 2017–2020 time frame from the 2016 level of $2.96. However, the company's decision to withdraw its Access Northeast Pipeline plan due to regulatory uncertainty, will have an adverse impact on its growth prospects.  Moreover, it faces challenges due to severe weather conditions.”
  • 1/3/2018 – Eversource Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Eversource Energy returned higher than the industry in last 12 months. Eversource Energy‘s systematic investments in renewable energy generation, primarily in transmission and distribution systems will help it to provide reliable services to its customers.  Margins of the company will improve if the company continues to reduce operating costs. Moreover, its regulated investment plans will help it to boost earnings per share by 5–7% over the 2017–2020 time frame from the 2016 level of $2.96. However, the company's decision to withdraw its Access Northeast Pipeline plan due to regulatory uncertainty, will have an adverse impact on its growth prospects.  Moreover, it faces challenges due to severe weather conditions.”
  • 1/2/2018 – Eversource Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Shares of Eversource Energy returned higher than the industry in last 12 months. Eversource Energy‘s systematic investments in renewable energy generation, primarily in transmission and distribution systems will help it to provide reliable services to its customers.  Margins of the company will improve if the company continues to reduce operating costs. Moreover, its regulated investment plans will help it to boost earnings per share by 5–7% over the 2017–2020 time frame from the 2016 level of $2.96. However, the company's decision to withdraw its Access Northeast Pipeline plan due to regulatory uncertainty, will have an adverse impact on its growth prospects.  Moreover, it faces challenges due to severe weather conditions.”

Shares of Eversource Energy (ES) opened at $57.02 on Monday. The company has a market capitalization of $18,068.83, a price-to-earnings ratio of 18.51, a PEG ratio of 2.86 and a beta of 0.27. Eversource Energy has a 52 week low of $55.20 and a 52 week high of $66.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be paid a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.54%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 5th. Eversource Energy’s payout ratio is presently 61.69%.

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.

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