Shares of Eversource Energy (NYSE:ES) saw unusually-strong trading volume on Wednesday . Approximately 2,477,342 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 1,364,625 shares.The stock last traded at $55.37 and had previously closed at $55.47.

Several research firms have recently issued reports on ES. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Monday, August 1st. Argus reiterated a “buy” rating on shares of Eversource Energy in a report on Thursday, May 12th. 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 report on Thursday, July 7th. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $58.00 price objective (down from $59.00) on shares of Eversource Energy in a report 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. Eversource Energy presently has an average rating of “Hold” and a consensus target price of $60.26.

The company has a market capitalization of $17.57 billion and a P/E ratio of 20.36. The stock has a 50 day moving average price of $58.03 and a 200-day moving average price of $56.70.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.01. During the same period in the previous year, the company posted $0.65 earnings per share. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.81 billion. The company’s revenue was down 2.7% on a year-over-year basis. Analysts expect that Eversource Energy will post $2.97 earnings per share for the current year.

Other large investors have modified their holdings of the company. Suntrust Banks Inc. boosted its stake in shares of 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. Victory Capital Management Inc. boosted its stake in shares of 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 in the last quarter. Bank of Montreal Can boosted its stake in shares of Eversource Energy by 15.0% in the fourth quarter. Bank of Montreal Can now owns 292,445 shares of the company’s stock valued at $14,935,000 after buying an additional 38,160 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.