Eversource Energy (ES) Receiving Somewhat Positive Media Coverage, Analysis Shows
News headlines about Eversource Energy (NYSE:ES) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eversource Energy earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.7700496697913 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Eversource Energy (NYSE:ES) Price Target Raised to $66.00 at Morgan Stanley (americanbankingnews.com)
- Eversource Energy (D/B/A) (ES) Position Decreased by Norges Bank Last Quarter – Modern Readers (modernreaders.com)
- Shedding Some Light on Eversource Energy (ES)’s Technicals – Evergreen Caller (evergreencaller.com)
- Eversource Energy (ES) Placed Under the Lens – Evergreen Caller (evergreencaller.com)
- Stock Performance Review on Utilities Sector — Companhia de Saneamento Básico … (markets.businessinsider.com)
Shares of Eversource Energy (NYSE ES) traded up 0.79% during midday trading on Thursday, hitting $62.22. The stock had a trading volume of 2,116,599 shares. The company’s 50 day moving average price is $60.99 and its 200-day moving average price is $59.53. The firm has a market capitalization of $19.72 billion, a PE ratio of 20.14 and a beta of 0.28. Eversource Energy has a 1-year low of $50.56 and a 1-year high of $63.34.
Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. Eversource Energy’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. Equities analysts predict that Eversource Energy will post $3.15 earnings per share for the current year.
ES has been the topic of several recent research reports. Credit Suisse Group restated a “hold” rating and set a $59.00 target price on shares of Eversource Energy in a report on Tuesday, June 6th. Morgan Stanley raised their target price on Eversource Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. Janney Montgomery Scott set a $71.00 target price on Eversource Energy and gave the company a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, June 13th. Finally, Barclays PLC restated an “equal weight” rating and set a $66.00 target price (up from $62.00) on shares of Eversource Energy in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $62.95.
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In other news, VP Werner J. Schweiger sold 48,544 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $61.01, for a total value of $2,961,669.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.
Eversource Energy Company Profile
Eversource Energy 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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