Shares of Eversource Energy (NYSE:ES) dropped 0.4% on Friday . The company traded as low as $58.48 and last traded at $59.10, with a volume of 870,153 shares. The stock had previously closed at $59.35.

ES has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Deutsche Bank AG restated a “hold” rating and issued a $58.00 price objective (down from $59.00) on shares of Eversource Energy in a research note on Monday, June 27th. Barclays PLC boosted their price objective on shares of Eversource Energy from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday. Janney Montgomery Scott cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, March 31st. They noted that the move was a valuation call. Finally, Mizuho boosted their price objective on shares of Eversource Energy from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Eversource Energy has an average rating of “Hold” and a consensus target price of $57.87.

The stock’s 50-day moving average price is $56.78 and its 200 day moving average price is $55.46. The firm has a market capitalization of $18.90 billion and a P/E ratio of 21.82.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.07. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.29 billion. The firm’s quarterly revenue was down 18.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. On average, equities analysts forecast that Eversource Energy will post $2.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st were paid 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 2.99%.

Several institutional investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI boosted its position 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Eversource Energy by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,724 shares of the company’s stock valued at $1,058,000 after buying an additional 346 shares in the last quarter. Anchor Capital Advisors LLC boosted its position 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 in the last quarter. Suntrust Banks Inc. boosted its position in Eversource Energy by 80.6% in the fourth quarter. Suntrust Banks Inc. now owns 22,985 shares of the company’s stock valued at $1,173,000 after buying an additional 10,258 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its position in Eversource Energy by 2.2% in the fourth quarter. Advantus Capital Management Inc now owns 30,283 shares of the company’s stock valued at $1,547,000 after buying an additional 651 shares in the last quarter.

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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