Eversource Energy (NYSE: ES) Receives Consensus Recommendation to “Keep” Brokerages
Shares of Eversource Energy (NYSE: ES) received an average âholdâ recommendation by the ten brokerages currently hedging the stock, MarketBeat reports. Two equity research analysts gave the stock a sell rating, six assigned a conservation rating, and two gave the company a buy rating. The one-year average price target among brokers who reported on the stock in the past year is $ 88.63.
Several research firms recently commented on ES. Mizuho began covering Eversource Energy in a report on Wednesday, April 14. They issued a “neutral” rating and a price target of $ 89.00 for the company. KeyCorp reaffirmed a âsector weightingâ rating on Eversource Energy shares in a report released on Tuesday, April 27. Barclays raised its price target on Eversource Energy from $ 90.00 to $ 93.00 and gave the stock an “equal weight” rating in a report released on Tuesday, May 25. Credit Suisse Group reduced its price target on Eversource Energy from $ 89 to $ 85 and set an “underperformance” rating for the company in a report released on Tuesday, May 11. Finally, Williams Capital reaffirmed a âbuyâ note on Eversource Energy shares in a report released on Friday, April 23.
In addition, Vice-President Gregory B. Butler sold 12,000 shares of Eversource Energy in a transaction on Friday, June 4. The stock was sold for an average price of $ 82.16, for a total value of $ 985,920.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available at this link. In addition, Faasen insider William C. Van sold 1,813 shares of Eversource Energy in a trade on Thursday, May 13. The shares were sold for an average price of $ 85.15, for a total value of $ 154,376.95. Disclosure of this sale can be found here. Insiders have sold 16,814 shares of the company valued at $ 1,393,521 in the past three months. 0.34% of the shares are currently held by insiders of the company.
Large investors have recently changed their positions in the company. BlackRock Inc. increased its position in Eversource Energy by 4.1% in the first quarter. BlackRock Inc. now owns 31,649,879 shares of the utility company valued at $ 2,740,562,000 after acquiring an additional 1,241,107 shares during the period. Magellan Asset Management Ltd increased its position in Eversource Energy by 3.8% during the first quarter. Magellan Asset Management Ltd now owns 26,511,420 shares of the utility provider valued at $ 2,295,624,000 after acquiring an additional 977,889 shares during the period. Geode Capital Management LLC increased its position in Eversource Energy by 1.5% during the first quarter. Geode Capital Management LLC now owns 6,064,815 shares of the utility provider valued at $ 523,800,000 after acquiring an additional 91,796 shares during the period. UBS Asset Management Americas Inc. increased its position in Eversource Energy by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 4,652,278 shares of the utility provider valued at $ 402,841,000 after acquiring an additional 16,276 shares during the period. Finally, Northern Trust Corp increased its position in Eversource Energy by 1.7% during the first quarter. Northern Trust Corp now owns 4,159,390 shares of the utility provider valued at $ 360,162,000 after acquiring an additional 68,094 shares during the period. 77.32% of the shares are held by institutional investors and hedge funds.
ES opened at $ 82.93 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.57, and a debt ratio of 1.04. The company has a 50-day simple moving average of $ 82.19. The company has a market cap of $ 28.48 billion, a PE ratio of 22.97, a P / E / G ratio of 3.30 and a beta of 0.30. Eversource Energy has a 12-month low of $ 76.64 and a 12-month high of $ 96.66.
Eversource Energy (NYSE: ES) last released its quarterly results on Monday, May 10. The utility provider reported EPS of $ 1.08 for the quarter, missing the consensus estimate of $ 1.09 of ($ 0.01). The company posted revenue of $ 2.83 billion in the quarter, compared to $ 2.60 billion according to analysts’ estimates. Eversource Energy had a net margin of 13.22% and a return on equity of 9.24%. The company’s quarterly revenue increased 19.0% from the same quarter last year. During the same period of the previous year, the company made a profit of $ 1.02 per share. As a group, sell-side analysts expect Eversource Energy to post 3.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 30. Shareholders of record on Thursday, May 20, received a dividend of $ 0.6025 per share. This represents an annualized dividend of $ 2.41 and a return of 2.91%. The ex-dividend date of this dividend was Wednesday, May 19. Eversource Energy’s payout ratio is 66.21%.
About Eversource Energy
Eversource Energy, a public utility holding company, is engaged in the energy delivery business. The company operates in the sectors of electrical distribution, electrical transmission, natural gas distribution and water distribution. It is involved in the transport and distribution of electricity; solar energy installations; and the distribution of natural gas.
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