Eversource Energy (NYSE:ES) Given Consensus Rating of "Hold" by Analysts

Eversource Energy (NYSE:ES - Get Free Report) has been assigned an average rating of "Hold" from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $68.38.

Several analysts have recently commented on ES shares. Mizuho raised their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Saturday, December 21st. Barclays upped their price objective 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. BMO Capital Markets dropped their price target on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating on the stock in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on Eversource Energy in a research note on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price objective for the company.

Institutional Trading of Eversource Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in Eversource Energy in the third quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new position in Eversource Energy in the third quarter valued at approximately $32,000. UMB Bank n.a. grew its holdings in Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 198 shares during the period. Larson Financial Group LLC grew its holdings in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC purchased a new stake in Eversource Energy in the third quarter worth $48,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 1.2 %

Shares of NYSE ES traded up $0.65 during midday trading on Thursday, reaching $56.73. The stock had a trading volume of 2,177,850 shares, compared to its average volume of 1,910,050. The company's 50 day moving average price is $60.07 and its 200 day moving average price is $62.89. 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 has a twelve month low of $52.09 and a twelve month high of $69.01. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of -36.13, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62.

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

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy's payout ratio is currently -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.