Barclays Lowers Eversource Energy (NYSE:ES) Price Target to $74.00

Eversource Energy (NYSE:ES) had its target price decreased by Barclays from $96.00 to $74.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective points to a potential downside of 4.34% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets assumed coverage on shares of Eversource Energy in a research report on Wednesday, February 19th. They set an “outperform” rating and a $100.00 price objective for the company. Credit Suisse Group lowered shares of Eversource Energy from an “outperform” rating to a “neutral” rating and set a $86.00 price objective for the company. in a research report on Friday, January 17th. Morgan Stanley lowered shares of Eversource Energy from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $91.00 to $86.00 in a research report on Tuesday, March 10th. Janney Montgomery Scott lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Goldman Sachs Group lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating and upped their price objective for the company from $81.00 to $87.00 in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $87.92.

ES traded up $5.46 on Thursday, reaching $77.36. The company had a trading volume of 86,471 shares, compared to its average volume of 3,346,611. Eversource Energy has a one year low of $60.69 and a one year high of $99.42. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $88.91 and a 200-day moving average of $85.44. The company has a market capitalization of $23.13 billion, a P/E ratio of 27.59, a PEG ratio of 3.22 and a beta of 0.31.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). Eversource Energy had a net margin of 10.66% and a return on equity of 9.21%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.73 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts predict that Eversource Energy will post 3.65 EPS for the current year.

In other news, VP Jay S. Buth sold 1,330 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $86.67, for a total value of $115,271.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ES. Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Eversource Energy in the third quarter worth approximately $3,291,000. Colony Group LLC bought a new position in Eversource Energy during the third quarter valued at approximately $204,000. Voya Investment Management LLC raised its position in Eversource Energy by 3.6% during the third quarter. Voya Investment Management LLC now owns 152,899 shares of the utilities provider’s stock valued at $13,069,000 after acquiring an additional 5,308 shares in the last quarter. State Street Corp raised its position in Eversource Energy by 1.5% during the third quarter. State Street Corp now owns 17,314,154 shares of the utilities provider’s stock valued at $1,479,841,000 after acquiring an additional 248,075 shares in the last quarter. Finally, MV Capital Management Inc. raised its position in Eversource Energy by 186.0% during the third quarter. MV Capital Management Inc. now owns 1,716 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 1,116 shares in the last quarter. 84.25% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Company Profile

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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