Eversource Energy (NYSE:ES) has earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $61.05.
Several research analysts have commented on the company. Morgan Stanley dropped their price target on Eversource Energy from $62.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine cut Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Credit Suisse Group lowered their price objective on Eversource Energy from $61.00 to $58.00 and set an “underperform” rating on the stock in a research report on Thursday, May 24th. Finally, Citigroup upgraded Eversource Energy from a “sell” rating to a “neutral” rating and set a $59.00 price objective on the stock in a research report on Tuesday, May 1st.
NYSE ES traded up $0.56 during trading on Thursday, hitting $53.99. The company’s stock had a trading volume of 2,334,000 shares, compared to its average volume of 2,323,484. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.07. The company has a market cap of $16.75 billion, a P/E ratio of 17.36, a P/E/G ratio of 2.83 and a beta of 0.31. Eversource Energy has a 52 week low of $52.76 and a 52 week high of $66.15.
Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, May 3rd. The utilities provider reported $0.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.10 billion. Eversource Energy had a return on equity of 9.04% and a net margin of 12.58%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS. sell-side analysts expect that Eversource Energy will post 3.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 24th will be given a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, May 23rd. Eversource Energy’s dividend payout ratio is presently 64.95%.
In other Eversource Energy news, EVP Christine M. Carmody sold 21,500 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $57.79, for a total value of $1,242,485.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joseph R. Nolan, Jr. sold 6,282 shares of the company’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $57.03, for a total value of $358,262.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,117 shares of company stock worth $1,619,856. 0.45% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Eversource Energy by 4.1% in the first quarter. BlackRock Inc. now owns 26,232,482 shares of the utilities provider’s stock valued at $1,545,618,000 after acquiring an additional 1,031,761 shares during the period. Wells Fargo & Company MN grew its position in Eversource Energy by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 6,823,570 shares of the utilities provider’s stock valued at $431,113,000 after acquiring an additional 283,943 shares during the period. Thomaspartners Inc. grew its position in Eversource Energy by 4.5% in the first quarter. Thomaspartners Inc. now owns 4,471,212 shares of the utilities provider’s stock valued at $263,444,000 after acquiring an additional 191,651 shares during the period. Geode Capital Management LLC grew its position in Eversource Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 3,625,817 shares of the utilities provider’s stock valued at $228,627,000 after acquiring an additional 118,626 shares during the period. Finally, American Century Companies Inc. boosted its stake in Eversource Energy by 22.5% in the first quarter. American Century Companies Inc. now owns 3,160,329 shares of the utilities provider’s stock worth $186,207,000 after purchasing an additional 579,827 shares in the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.
Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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