Eversource Energy (NYSE:ES) Upgraded at StockNews.com

StockNews.com upgraded shares of Eversource Energy (NYSE:ES) from a sell rating to a hold rating in a research report released on Tuesday.

A number of other equities analysts also recently commented on the stock. Bank of America boosted their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Scotiabank lifted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Mizuho raised their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. BMO Capital Markets reduced their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $70.46.

Eversource Energy Trading Up 0.3 %

Shares of NYSE:ES traded up $0.16 during trading on Tuesday, reaching $61.64. 284,293 shares of the company were exchanged, compared to its average volume of 2,394,469. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a market capitalization of $22.58 billion, a PE ratio of -39.48, a P/E/G ratio of 2.43 and a beta of 0.61. The business’s fifty day simple moving average is $65.35 and its 200-day simple moving average is $62.83. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Eversource Energy will post 4.56 EPS for the current 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 paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

Hedge Funds Weigh In On Eversource Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Lynx Investment Advisory purchased a new position in Eversource Energy in the second quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in Eversource Energy in the third quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new position in Eversource Energy in the third quarter valued at $32,000. UMB Bank n.a. lifted its holdings 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 last quarter. Finally, Larson Financial Group LLC raised its position in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 79.99% 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 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.