Eversource Energy (NYSE:ES) Receives $70.46 Consensus PT from Analysts

Eversource Energy (NYSE:ES) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $70.46.

Several brokerages have issued reports on ES. Scotiabank lifted their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Mizuho lifted their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd.

Eversource Energy Trading Up 1.0 %

Shares of NYSE:ES opened at $63.37 on Wednesday. Eversource Energy has a 12 month low of $52.09 and a 12 month high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The company’s fifty day simple moving average is $64.68 and its 200 day simple moving average is $62.90. The firm has a market cap of $23.22 billion, a price-to-earnings ratio of -40.36, a PEG ratio of 2.47 and a beta of 0.61.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the business posted $0.97 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, research analysts forecast that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

Institutional Trading of Eversource Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bard Financial Services Inc. boosted its holdings in shares of Eversource Energy by 244.9% during the 3rd quarter. Bard Financial Services Inc. now owns 21,715 shares of the utilities provider’s stock worth $1,478,000 after buying an additional 15,419 shares during the period. Soltis Investment Advisors LLC bought a new stake in Eversource Energy in the 3rd quarter valued at about $3,616,000. Arete Wealth Advisors LLC bought a new stake in Eversource Energy in the 3rd quarter valued at about $231,000. Toronto Dominion Bank boosted its holdings in Eversource Energy by 42.5% in the 3rd quarter. Toronto Dominion Bank now owns 191,808 shares of the utilities provider’s stock valued at $13,053,000 after purchasing an additional 57,161 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in Eversource Energy by 11.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,830 shares of the utilities provider’s stock valued at $598,000 after purchasing an additional 899 shares during the period. 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.