By otakuyassine3@gmail.com 
StockNews.com upgraded shares of Eversource Energy (NYSE:ES – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
Several other research analysts also recently commented on the company. Morgan Stanley lifted their target price on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price target for the company from $66.00 to $56.00 in a report on Thursday, December 12th. BMO Capital Markets decreased their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Bank of America lifted their price target on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, Jefferies Financial Group started coverage on Eversource Energy in a research note on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.38.
Read Our Latest Stock Report on Eversource Energy
Eversource Energy Stock Performance
NYSE ES opened at $57.18 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The company has a fifty day simple moving average of $62.51 and a 200 day simple moving average of $63.08. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The company has a market cap of $20.95 billion, a P/E ratio of -36.42, a PEG ratio of 2.38 and a beta of 0.60.
Eversource Energy (NYSE:ES – Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. Sell-side analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.
Eversource Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $2.86 annualized dividend and a dividend yield of 5.00%. Eversource Energy’s payout ratio is -182.17%.
Hedge Funds Weigh In On Eversource Energy
A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of Eversource Energy by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 413,874 shares of the utilities provider’s stock worth $28,164,000 after purchasing an additional 17,654 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Eversource Energy by 8.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 5,954 shares of the utilities provider’s stock worth $404,000 after acquiring an additional 458 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Eversource Energy by 518.1% during the 3rd quarter. Retirement Systems of Alabama now owns 480,278 shares of the utilities provider’s stock worth $32,683,000 after acquiring an additional 402,574 shares in the last quarter. Tidal Investments LLC grew its position in shares of Eversource Energy by 5.2% during the 3rd quarter. Tidal Investments LLC now owns 13,849 shares of the utilities provider’s stock valued at $942,000 after acquiring an additional 689 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Eversource Energy in the 3rd quarter valued at about $270,000. Institutional investors own 79.99% of the company’s stock.
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.
Further Reading
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