Eversource Energy (NYSE:ES) Receives $70.46 Average PT from Analysts

Eversource Energy (NYSE:ES) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $70.46.

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. BMO Capital Markets lowered 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. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays lifted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Mizuho boosted their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ES. Lynx Investment Advisory acquired a new position in shares of Eversource Energy in the second quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in shares of Eversource Energy in the third quarter worth $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Eversource Energy in the third quarter worth $32,000. UMB Bank n.a. lifted its position in shares of Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Up 1.0 %

Shares of NYSE ES opened at $63.38 on Wednesday. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The company has a market cap of $23.22 billion, a PE ratio of -40.37, a P/E/G ratio of 2.51 and a beta of 0.61. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The company has a 50-day moving average of $64.68 and a two-hundred day moving average of $62.93.

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

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

About Eversource Energy

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.