Eversource Energy (ES) Receives $63.64 Consensus PT from Analysts
Eversource Energy (NYSE:ES) has been given an average recommendation of “Buy” by the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $63.82.
A number of equities analysts have weighed in on ES shares. Morgan Stanley boosted their target price on Eversource Energy from $63.00 to $67.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Wells Fargo & Co boosted their target price on Eversource Energy from $67.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. ValuEngine raised Eversource Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Citigroup boosted their target price on Eversource Energy from $59.00 to $63.00 and gave the stock a “hold” rating in a research report on Tuesday, September 25th. Finally, Barclays started coverage on Eversource Energy in a research note on Monday, October 22nd. They set a “hold” rating and a $64.00 price target for the company.
NYSE:ES traded up $0.84 during mid-day trading on Friday, reaching $67.04. The company’s stock had a trading volume of 2,033,169 shares, compared to its average volume of 1,446,575. Eversource Energy has a 12-month low of $52.76 and a 12-month high of $67.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 0.59. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 3.46 and a beta of 0.16.
In other Eversource Energy news, EVP Leon J. Olivier sold 50,000 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.53% of the company’s stock.
Several large investors have recently made changes to their positions in ES. Principal Financial Group Inc. lifted its position in Eversource Energy by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,400,202 shares of the utilities provider’s stock worth $141,419,000 after acquiring an additional 29,361 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Eversource Energy by 38.6% during the second quarter. IFM Investors Pty Ltd now owns 14,657 shares of the utilities provider’s stock valued at $859,000 after buying an additional 4,082 shares during the last quarter. Bank of Montreal Can raised its position in shares of Eversource Energy by 5.1% during the second quarter. Bank of Montreal Can now owns 489,396 shares of the utilities provider’s stock valued at $28,684,000 after buying an additional 23,628 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Eversource Energy during the second quarter valued at about $500,000. Finally, Sawyer & Company Inc raised its position in shares of Eversource Energy by 287.1% during the second quarter. Sawyer & Company Inc now owns 4,510 shares of the utilities provider’s stock valued at $264,000 after buying an additional 3,345 shares during the last quarter. Institutional investors own 73.66% of the company’s stock.
Eversource Energy Company Profile
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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