StockNews.com Downgrades Eversource Energy (NYSE:ES) to Sell

Eversource Energy (NYSE:ES - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Other analysts have also issued reports about the company. Scotiabank decreased their price objective on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. Jefferies Financial Group decreased their price objective on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, Barclays decreased their price objective 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. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.45.

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Eversource Energy Stock Down 5.2 %

ES stock traded down $3.28 during trading on Friday, reaching $59.73. 3,221,914 shares of the stock were exchanged, compared to its average volume of 2,202,265. The firm's 50 day moving average is $58.96 and its 200 day moving average is $62.37. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market cap of $21.91 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. As a group, research analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the sale, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jay S. Buth sold 980 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the sale, the vice president now owns 24,374 shares in the company, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eversource Energy

Several institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. lifted its position in shares of Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider's stock worth $418,000 after acquiring an additional 166 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Eversource Energy by 10.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after acquiring an additional 176 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after acquiring an additional 197 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Eversource Energy by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider's stock worth $1,368,000 after buying an additional 200 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of Eversource Energy by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock worth $281,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 79.99% 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 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.