Investors purchased shares of Eversource Energy (NYSE:ES) on weakness during trading 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 companies 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

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Mizuho raised their price objective on shares of Eversource Energy from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, May 3rd. Citigroup Inc. raised their price objective on shares of Eversource Energy from $53.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Deutsche Bank AG restated a “hold” rating and set a $58.00 price objective (down from $59.00) on shares of Eversource Energy in a research report on Monday, June 27th. Finally, Argus restated a “buy” rating on shares of Eversource Energy in a research report on Thursday, May 12th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.26.

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

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

Several hedge funds have added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake 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 during the period. Suntrust Banks Inc. increased its stake 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 during the period. Advantus Capital Management Inc increased its stake 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 during the period. Victory Capital Management Inc. increased its stake in Eversource Energy by 30.3% in the fourth quarter. Victory Capital Management Inc. now owns 53,697 shares of the company’s stock valued at $2,742,000 after buying an additional 12,501 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its stake in Eversource Energy by 19.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 107,200 shares of the company’s stock valued at $5,649,000 after buying an additional 17,330 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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