Eversource Energy (NYSE:ES) PT Raised to $88.00

Eversource Energy (NYSE:ES) had its price target boosted by analysts at KeyCorp from $85.00 to $88.00 in a note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target would indicate a potential upside of 2.86% from the company’s previous close.

A number of other equities research analysts also recently issued reports on ES. Wells Fargo & Co boosted their price target on shares of Eversource Energy from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Bank of America set a $78.00 price target on shares of Eversource Energy and gave the company a “sell” rating in a research note on Monday, July 15th. Barclays boosted their price target on shares of Eversource Energy from $71.00 to $79.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 18th. UBS Group boosted their price target on shares of Eversource Energy from $86.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Morgan Stanley boosted their price target on shares of Eversource Energy from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Eversource Energy has an average rating of “Hold” and a consensus price target of $80.55.

Shares of Eversource Energy stock traded up $0.70 on Wednesday, reaching $85.55. The company had a trading volume of 194,204 shares, compared to its average volume of 1,693,445. The firm’s 50 day moving average price is $82.50 and its two-hundred day moving average price is $76.43. The firm has a market cap of $27.63 billion, a PE ratio of 26.08, a PEG ratio of 4.45 and a beta of 0.20. Eversource Energy has a 52-week low of $60.98 and a 52-week high of $85.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.56 and a current ratio of 0.61.



Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.95 billion. Eversource Energy had a net margin of 10.00% and a return on equity of 9.24%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. As a group, sell-side analysts predict that Eversource Energy will post 3.43 EPS for the current year.

In other Eversource Energy news, VP Gregory B. Butler sold 8,298 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $77.30, for a total transaction of $641,435.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Philip J. Lembo sold 1,256 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $79.61, for a total transaction of $99,990.16. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ES. Berkshire Asset Management LLC PA raised its position in Eversource Energy by 5.2% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 3,807 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 188 shares during the last quarter. State of Alaska Department of Revenue raised its position in Eversource Energy by 4.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 132,512 shares of the utilities provider’s stock worth $11,324,000 after buying an additional 5,545 shares during the last quarter. Cox Capital Mgt LLC raised its position in Eversource Energy by 1.5% during the 3rd quarter. Cox Capital Mgt LLC now owns 10,010 shares of the utilities provider’s stock worth $856,000 after buying an additional 146 shares during the last quarter. Macquarie Group Ltd. raised its position in Eversource Energy by 916.3% during the 2nd quarter. Macquarie Group Ltd. now owns 992,928 shares of the utilities provider’s stock worth $75,224,000 after buying an additional 895,228 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Eversource Energy by 9.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,346 shares of the utilities provider’s stock worth $6,845,000 after buying an additional 8,175 shares during the last quarter. Institutional investors own 78.45% of the company’s stock.

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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Analyst Recommendations for Eversource Energy (NYSE:ES)

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