Eversource Energy (ES) Sets New 12-Month High at $60.44
Shares of Eversource Energy (NYSE:ES) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.44 and last traded at $59.93, with a volume of 555,509 shares changing hands. The stock had previously closed at $60.25.
Several analysts have issued reports on ES shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 price objective on shares of Eversource Energy in a research report on Tuesday, April 19th. Barclays PLC increased their price objective on shares of Eversource Energy from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 1st. Argus reaffirmed a “buy” rating on shares of Eversource Energy in a research report on Thursday, May 12th. Finally, Janney Montgomery Scott downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, March 31st. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $57.87.
The stock has a 50-day moving average of $56.78 and a 200 day moving average of $55.46. The stock has a market cap of $18.83 billion and a PE ratio of 21.74.
Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.07. During the same period last year, the company posted $0.80 EPS. The firm earned $2.06 billion during the quarter, compared to analyst estimates of $2.29 billion. Eversource Energy’s revenue was down 18.2% compared to the same quarter last year. On average, equities analysts predict that Eversource Energy will post $2.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st were issued a dividend of $0.445 per share. The ex-dividend date was Thursday, May 26th. This represents a $1.78 annualized dividend and a dividend yield of 3.00%.
Several large investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in shares of Eversource Energy by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 213,185 shares of the company’s stock valued at $10,887,000 after buying an additional 1,440 shares in the last quarter. Sei Investments Co. raised its stake in Eversource Energy by 3.1% in the fourth quarter. Sei Investments Co. now owns 52,163 shares of the company’s stock valued at $2,664,000 after buying an additional 1,578 shares during the period. Anchor Capital Advisors LLC raised its stake in Eversource Energy by 2.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 21,578 shares of the company’s stock valued at $1,102,000 after buying an additional 461 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in Eversource Energy by 131.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 20,371 shares of the company’s stock valued at $1,040,000 after buying an additional 11,560 shares during the period. Finally, ProShare Advisors LLC raised its stake in Eversource Energy by 1.4% in the fourth quarter. ProShare Advisors LLC now owns 50,262 shares of the company’s stock valued at $2,567,000 after buying an additional 674 shares during the period.
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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