Traders bought shares of Eversource Energy (NYSE:ES) on weakness during trading hours on Friday. $34.73 million flowed into the stock on the tick-up and $15.00 million flowed out of the stock on the tick-down, for a money net flow of $19.73 million into the stock. Of all stocks tracked, Eversource Energy had the 13th highest net in-flow for the day. Eversource Energy traded down ($0.88) for the day and closed at $56.74

A number of research firms have weighed in on ES. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Monday, August 1st. Citigroup Inc. lifted their price objective on Eversource Energy from $53.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, July 20th. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Barclays PLC lifted their target price on shares of Eversource Energy from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $58.00 target price (down previously from $59.00) on shares of Eversource Energy in a research note on Monday, June 27th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.26.

The company has a market capitalization of $17.99 billion and a PE ratio of 20.86. The firm has a 50-day moving average of $58.24 and a 200-day moving average of $56.41.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. During the same quarter in the prior year, the company posted $0.65 earnings per share. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.81 billion. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts expect that Eversource Energy will post $2.97 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors recently added to or reduced their stakes in ES. 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. 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. American International Group Inc. boosted its position in Eversource Energy by 0.7% in the fourth quarter. American International Group Inc. now owns 203,164 shares of the company’s stock valued at $10,376,000 after buying an additional 1,370 shares in the last quarter. Principal Financial Group Inc. boosted its position in Eversource Energy by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 449,471 shares of the company’s stock valued at $22,955,000 after buying an additional 7,951 shares in the last quarter. Finally, 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.

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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