Eversource Energy (NYSE:ES) Given Consensus Rating of “Hold” by Analysts

Eversource Energy (NYSE:ES) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $66.08.

Several research firms recently weighed in on ES. The Goldman Sachs Group began coverage on Eversource Energy in a research report on Wednesday, April 10th. They set a “buy” rating and a $73.00 price target on the stock. Argus dropped their price target on Eversource Energy from $85.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. UBS Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $62.00 to $67.00 in a research report on Thursday, April 4th. Guggenheim upgraded Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $60.00 to $72.00 in a research report on Monday, January 22nd. Finally, BMO Capital Markets lifted their price target on Eversource Energy from $63.00 to $64.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th.

Insider Transactions at Eversource Energy

In other news, insider Linda Dorcena Forry sold 822 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the transaction, the insider now owns 10,485 shares in the company, valued at $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Frederica M. Williams sold 2,714 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total transaction of $156,326.40. Following the completion of the sale, the insider now owns 21,621 shares in the company, valued at $1,245,369.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the sale, the insider now owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The disclosure for this sale can be found here. Insiders sold 6,250 shares of company stock worth $352,014 over the last quarter. 0.29% of the stock is currently owned by insiders.

Institutional Trading of Eversource Energy

A number of hedge funds have recently bought and sold shares of ES. United Capital Financial Advisers LLC grew its holdings in Eversource Energy by 3.6% during the first quarter. United Capital Financial Advisers LLC now owns 3,880 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 134 shares during the period. Snowden Capital Advisors LLC grew its holdings in Eversource Energy by 3.8% during the first quarter. Snowden Capital Advisors LLC now owns 4,101 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 151 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in Eversource Energy by 1.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,617 shares of the utilities provider’s stock valued at $1,058,000 after purchasing an additional 162 shares during the period. Czech National Bank grew its holdings in Eversource Energy by 0.3% during the fourth quarter. Czech National Bank now owns 61,182 shares of the utilities provider’s stock valued at $3,776,000 after purchasing an additional 168 shares during the period. Finally, Toroso Investments LLC grew its holdings in Eversource Energy by 4.2% during the first quarter. Toroso Investments LLC now owns 4,484 shares of the utilities provider’s stock valued at $351,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

Shares of ES stock opened at $58.24 on Tuesday. The firm has a market cap of $20.43 billion, a P/E ratio of -46.22, a P/E/G ratio of 3.12 and a beta of 0.58. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $79.92. The business’s 50 day moving average price is $58.24 and its 200-day moving average price is $57.77. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.67.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that Eversource Energy will post 4.52 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were paid a $0.715 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $2.86 annualized dividend and a dividend yield of 4.91%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.68. Eversource Energy’s payout ratio is currently -226.98%.

About Eversource Energy

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