Eversource Energy (NYSE:ES)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $65.45 and last traded at $64.76, with a volume of 1423800 shares trading hands. The stock had previously closed at $64.07.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Morgan Stanley boosted their price objective on Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Credit Suisse Group boosted their price objective on Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Williams Capital boosted their price objective on Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Janney Montgomery Scott set a $71.00 price objective on Eversource Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Eversource Energy has a consensus rating of “Hold” and an average target price of $64.06.

The company has a market cap of $20,302.87, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 3.43 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. equities analysts forecast that Eversource Energy will post 3.15 earnings per share for the current fiscal year.

In other news, COO Werner J. Schweiger sold 10,098 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total transaction of $653,138.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its holdings in Eversource Energy by 1.7% in the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 32 shares during the last quarter. Risk Paradigm Group LLC lifted its holdings in Eversource Energy by 111.7% in the third quarter. Risk Paradigm Group LLC now owns 2,117 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 1,117 shares during the last quarter. Sun Life Financial INC lifted its holdings in Eversource Energy by 23,040.0% in the second quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 2,304 shares during the last quarter. WFG Advisors LP lifted its holdings in Eversource Energy by 127.8% in the second quarter. WFG Advisors LP now owns 2,460 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Eversource Energy by 63.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock valued at $199,000 after acquiring an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 72.43% of the company’s stock.

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About Eversource Energy

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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