Headlines about Eversource Energy (NYSE:ES) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eversource Energy earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.3707061140732 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Eversource Energy (ES) traded up $0.69 on Tuesday, hitting $64.76. 1,423,800 shares of the stock traded hands, compared to its average volume of 1,408,927. Eversource Energy has a twelve month low of $50.56 and a twelve month high of $65.01. The firm has a market capitalization of $20,302.87, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 3.43 and a beta of 0.31. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95.
Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company posted $0.83 EPS. Eversource Energy’s quarterly revenue was down 2.5% on a year-over-year basis. sell-side analysts forecast that Eversource Energy will post 3.15 earnings per share for the current fiscal year.
ES has been the subject of several research analyst reports. Deutsche Bank AG downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating and upped their price objective for the company from $61.00 to $61.50 in a research note on Monday, July 31st. Janney Montgomery Scott set a $71.00 price objective on shares of Eversource Energy and gave the company a “buy” rating in a research note on Monday, July 31st. Morgan Stanley upped their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Credit Suisse Group upped their price objective on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $64.06.
In related news, COO Werner J. Schweiger sold 10,098 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $64.68, for a total value of $653,138.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by company insiders.
About Eversource Energy
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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