Eversource Energy (NYSE:ES) Given Consensus Recommendation of “Hold” by Brokerages

Eversource Energy (NYSE:ES) has been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $68.38.

ES has been the subject of several research reports. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their target price for the company from $66.00 to $56.00 in a research note on Thursday, December 12th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Barclays boosted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Mizuho lifted their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group began coverage on shares of Eversource Energy in a research note on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 target price on the stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. boosted its stake in Eversource Energy by 46.9% in the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock valued at $2,151,000 after acquiring an additional 10,093 shares during the last quarter. Soltis Investment Advisors LLC acquired a new position in shares of Eversource Energy in the 3rd quarter valued at $3,616,000. Toronto Dominion Bank boosted its position in shares of Eversource Energy by 23.2% in the 2nd quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider’s stock worth $7,636,000 after purchasing an additional 25,377 shares during the last quarter. State Street Corp grew its stake in shares of Eversource Energy by 1.7% during the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock worth $1,737,990,000 after purchasing an additional 430,587 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock valued at $99,554,000 after purchasing an additional 510,582 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

NYSE:ES opened at $56.73 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The firm’s fifty day simple moving average is $60.25 and its 200 day simple moving average is $62.93. The firm has a market capitalization of $20.79 billion, a PE ratio of -36.13, a PEG ratio of 2.38 and a beta of 0.62. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01.

Eversource Energy (NYSE:ES) last announced its earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (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 quarter in the previous year, the firm posted $0.97 earnings per share. Eversource Energy’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is presently -182.17%.

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.