Eversource Energy (NYSE:ES) had its price objective raised by equities research analysts at KeyCorp from $88.00 to $95.00 in a report released on Monday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target would indicate a potential upside of 10.65% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group boosted their target price on shares of Eversource Energy from $86.00 to $91.00 and gave the company a “buy” rating in a report on Friday, September 6th. Wells Fargo & Co boosted their target price on shares of Eversource Energy from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Morgan Stanley upped their price target on shares of Eversource Energy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Guggenheim raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $76.00 to $88.00 in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $81.45.
Shares of ES stock opened at $85.86 on Monday. The company’s fifty day simple moving average is $84.07 and its two-hundred day simple moving average is $77.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.61 and a quick ratio of 0.56. Eversource Energy has a 1 year low of $61.57 and a 1 year high of $86.54. The stock has a market capitalization of $27.70 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 4.43 and a beta of 0.20.
Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Eversource Energy had a net margin of 10.00% and a return on equity of 9.24%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Eversource Energy will post 3.44 EPS for the current year.
In related news, VP Gregory B. Butler sold 8,298 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $77.30, for a total value of $641,435.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Philip J. Lembo sold 1,256 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $79.61, for a total transaction of $99,990.16. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Paragon Capital Management LLC grew its position in Eversource Energy by 478.9% in the second quarter. Paragon Capital Management LLC now owns 330 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 273 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in Eversource Energy in the second quarter worth $25,000. Kavar Capital Partners LLC purchased a new position in Eversource Energy in the second quarter worth $30,000. Hexavest Inc. purchased a new position in Eversource Energy in the second quarter worth $42,000. Finally, FTB Advisors Inc. grew its position in Eversource Energy by 614.3% in the second quarter. FTB Advisors Inc. now owns 600 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 516 shares in the last quarter. Institutional investors own 78.53% 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 four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
Read More: Equity Income
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.