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.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, November 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. Eversource Energy had a return on equity of 9.32% and a net margin of 12.51%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. Eversource Energy’s revenue was up 14.2% on a year-over-year basis. As a group, research analysts predict that Eversource Energy will post 3.26 earnings per share for the current year.

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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Analyst Recommendations for Eversource Energy (NYSE:ES)

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