By otakuyassine3@gmail.com 
Eversource Energy (NYSE:ES – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Other research analysts have also issued research reports about the company. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Barclays decreased their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, Scotiabank reduced their price target on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.78.
Check Out Our Latest Research Report on Eversource Energy
Eversource Energy Stock Performance
Shares of ES opened at $56.27 on Monday. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01. The firm has a market cap of $20.66 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. The company’s 50 day simple moving average is $60.41 and its 200-day simple moving average is $60.80. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.
Eversource Energy (NYSE:ES – Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. As a group, equities analysts predict that Eversource Energy will post 4.75 EPS for the current year.
Insiders Place Their Bets
In other news, VP Jay S. Buth sold 980 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the transaction, the vice president now owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the transaction, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
Institutional Trading of Eversource Energy
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Eversource Energy by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider’s stock worth $2,561,936,000 after purchasing an additional 1,387,072 shares in the last quarter. Wellington Management Group LLP raised its position in Eversource Energy by 38.6% in the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider’s stock worth $945,893,000 after purchasing an additional 4,585,232 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Eversource Energy by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider’s stock valued at $570,500,000 after buying an additional 226,972 shares during the period. Geode Capital Management LLC raised its position in shares of Eversource Energy by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider’s stock worth $547,550,000 after acquiring an additional 517,042 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Eversource Energy by 4.8% during the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider’s stock valued at $422,259,000 after acquiring an additional 333,529 shares during the period. Institutional investors and hedge funds 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.
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