Eversource Energy (NYSE:ES) Receives Consensus Recommendation of “Hold” from Analysts

Eversource Energy (NYSE:ES) has been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $67.42.

Several brokerages have recently issued reports on ES. BMO Capital Markets reduced their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price target for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Barclays reduced their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Finally, Jefferies Financial Group cut their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th.

Eversource Energy Trading Up 0.4 %

NYSE:ES opened at $57.64 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a fifty-two week low of $52.71 and a fifty-two week high of $69.01. The stock’s 50-day moving average is $58.55 and its two-hundred day moving average is $62.84. The stock has a market cap of $21.12 billion, a PE ratio of -36.71, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62.

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

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a $0.7525 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 5.22%. Eversource Energy’s dividend payout ratio is presently -191.72%.

Institutional Investors Weigh In On Eversource Energy

Large investors have recently modified their holdings of the business. Kestra Investment Management LLC bought a new stake in shares of Eversource Energy in the fourth quarter worth about $29,000. Brooklyn Investment Group bought a new position in shares of Eversource Energy during the third quarter worth about $31,000. Ashton Thomas Securities LLC bought a new position in shares of Eversource Energy during the third quarter worth about $32,000. Venturi Wealth Management LLC grew its holdings in shares of Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock worth $34,000 after buying an additional 301 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

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.