Eversource Energy (NYSE:ES) Earns Underperform Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Eversource Energy (NYSE:ES) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “underperform” rating and a $52.00 price target on the utilities provider’s stock. Jefferies Financial Group’s target price points to a potential downside of 15.84% from the company’s previous close.

Several other brokerages have also recently issued reports on ES. Barclays upped their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. BMO Capital Markets decreased their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Scotiabank upped their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Bank of America upped their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $69.15.

Eversource Energy Trading Up 0.8 %

Shares of Eversource Energy stock opened at $61.79 on Tuesday. The company has a fifty day moving average of $64.09 and a 200 day moving average of $63.04. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The company has a market capitalization of $22.64 billion, a P/E ratio of -39.36, a P/E/G ratio of 2.55 and a beta of 0.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eversource Energy

Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in Eversource Energy by 5.2% in the third 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Eversource Energy during the third quarter worth $270,000. World Investment Advisors LLC acquired a new stake in shares of Eversource Energy during the third quarter worth $277,000. Sanctuary Advisors LLC lifted its stake in shares of Eversource Energy by 32.2% during the third quarter. Sanctuary Advisors LLC now owns 21,358 shares of the utilities provider’s stock worth $1,354,000 after buying an additional 5,203 shares during the period. Finally, Bard Financial Services Inc. lifted its stake in shares of Eversource Energy by 244.9% during the third 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. 79.99% of the stock is currently owned by institutional investors and hedge funds.

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.