Eversource Energy (NYSE:ES) had its price target increased by Credit Suisse Group from $60.00 to $63.00 in a research note issued to investors on Monday. They currently have a neutral rating on the utilities provider’s stock.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Eversource Energy from a sell rating to a hold rating in a research report on Monday, June 5th. Janney Montgomery Scott set a $71.00 target price on shares of Eversource Energy and gave the company a buy rating in a research note on Monday, July 31st. Deutsche Bank AG lowered shares of Eversource Energy from a buy rating to a hold rating and increased their price target for the stock from $61.00 to $61.50 in a research report on Monday, July 31st. Morgan Stanley reissued an equal weight rating on shares of Eversource Energy in a research report on Tuesday, July 11th. Finally, BidaskClub cut shares of Eversource Energy from a hold rating to a sell rating in a research note on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Eversource Energy has a consensus rating of Hold and an average target price of $63.94.

Eversource Energy (NYSE:ES) opened at 59.87 on Monday. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $64.19. The company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 19.38 and a beta of 0.29. The stock’s 50 day moving average price is $62.36 and its 200 day moving average price is $61.05.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Eversource Energy will post $3.15 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Eversource Energy (ES) Price Target Increased to $63.00 by Analysts at Credit Suisse Group” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/10/03/eversource-energy-es-price-target-increased-to-63-00-by-analysts-at-credit-suisse-group.html.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.15%. The ex-dividend date was Monday, September 18th. Eversource Energy’s dividend payout ratio is currently 61.49%.

A number of institutional investors have recently modified their holdings of ES. UBS Asset Management Americas Inc. raised its stake in shares of Eversource Energy by 17.1% in the first quarter. UBS Asset Management Americas Inc. now owns 1,127,906 shares of the utilities provider’s stock valued at $66,298,000 after acquiring an additional 165,069 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Eversource Energy by 58.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,325 shares of the utilities provider’s stock worth $547,000 after acquiring an additional 3,432 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Eversource Energy by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 6,123 shares of the utilities provider’s stock worth $360,000 after acquiring an additional 194 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Eversource Energy by 9.0% in the 1st quarter. Victory Capital Management Inc. now owns 142,084 shares of the utilities provider’s stock worth $8,352,000 after acquiring an additional 11,722 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Eversource Energy by 189.7% in the 1st quarter. Schroder Investment Management Group now owns 8,613 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 5,640 shares in the last quarter. 71.88% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.