Eversource Energy (NYSE:ES) Rating Lowered to “Sell” at StockNews.com

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

A number of other research analysts also recently commented on ES. BMO Capital Markets cut their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Barclays boosted their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Morgan Stanley raised their target price on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their price objective for the company from $66.00 to $56.00 in a research note on Thursday. Finally, Mizuho boosted their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and a consensus price target of $68.38.

Eversource Energy Trading Down 0.4 %

Shares of Eversource Energy stock traded down $0.27 during trading on Friday, hitting $59.53. The stock had a trading volume of 1,495,073 shares, compared to its average volume of 2,366,158. 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 stock has a market cap of $21.81 billion, a PE ratio of -37.91, a PEG ratio of 2.40 and a beta of 0.60. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. The firm’s fifty day simple moving average is $63.29 and its 200-day simple moving average is $63.06.

Eversource Energy (NYSE:ES) last issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. As a group, sell-side analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Institutional Trading of Eversource Energy

A number of hedge funds have recently bought and sold shares of the business. Bensler LLC purchased a new stake in shares of Eversource Energy in the second quarter valued at about $316,000. Landscape Capital Management L.L.C. grew its stake in shares of Eversource Energy by 46.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock valued at $2,151,000 after buying an additional 10,093 shares during the period. Soltis Investment Advisors LLC acquired a new stake in shares of Eversource Energy during the 3rd quarter worth approximately $3,616,000. Toronto Dominion Bank raised its position in shares of Eversource Energy by 23.2% during the 2nd quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock valued at $7,636,000 after buying an additional 25,377 shares during the period. Finally, State Street Corp raised its position in shares of Eversource Energy by 1.7% during the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock valued at $1,737,990,000 after buying an additional 430,587 shares during the period. 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.