Eversource Energy (NYSE:ES) has been assigned a $66.00 target price by equities research analysts at Morgan Stanley in a note issued to investors on Thursday. The firm presently has a “hold” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential upside of 7.28% from the stock’s current price.

Several other brokerages have also recently issued reports on ES. Wells Fargo & Co lifted their price target on Eversource Energy from $67.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Wolfe Research upgraded Eversource Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, June 25th. They noted that the move was a valuation call. Credit Suisse Group upgraded Eversource Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $58.00 to $62.00 in a research report on Monday, July 9th. ValuEngine raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Finally, Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating in a research note on Friday, June 22nd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $63.60.

Shares of ES stock opened at $61.52 on Thursday. Eversource Energy has a 1 year low of $52.76 and a 1 year high of $66.15. The firm has a market cap of $19.47 billion, a PE ratio of 19.78, a PEG ratio of 3.18 and a beta of 0.24. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.60 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. Eversource Energy had a return on equity of 9.07% and a net margin of 12.59%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, research analysts expect that Eversource Energy will post 3.25 earnings per share for the current year.

In other news, EVP Leon J. Olivier sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $62.03, for a total transaction of $3,101,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.45% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Braun Bostich & Associates Inc. boosted its position in shares of Eversource Energy by 1,308.3% in the second quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock worth $109,000 after buying an additional 1,727 shares during the period. O Brien Wealth Partners LLC boosted its position in shares of Eversource Energy by 175.3% in the third quarter. O Brien Wealth Partners LLC now owns 1,963 shares of the utilities provider’s stock worth $121,000 after buying an additional 1,250 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Eversource Energy by 46.8% in the second quarter. Qube Research & Technologies Ltd now owns 2,534 shares of the utilities provider’s stock worth $149,000 after buying an additional 808 shares during the period. Synovus Financial Corp boosted its position in shares of Eversource Energy by 205.3% in the second quarter. Synovus Financial Corp now owns 2,650 shares of the utilities provider’s stock worth $155,000 after buying an additional 1,782 shares during the period. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in shares of Eversource Energy in the first quarter worth $173,000. 73.35% of the stock is owned by institutional investors and hedge funds.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Analyst Recommendations for Eversource Energy (NYSE:ES)

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