Eversource Energy (NYSE:ES) Receives $70.46 Consensus Target Price from Brokerages

Eversource Energy (NYSE:ES - Get Free Report) has been given an average rating of "Hold" by the thirteen ratings firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $70.46.

Several equities research analysts recently weighed in on the company. Barclays increased their target price on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Scotiabank raised their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Bank of America lifted their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Morgan Stanley upped their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 23rd.

Institutional Trading of Eversource Energy

A number of hedge funds have recently modified their holdings of ES. Ameritas Investment Partners Inc. boosted its stake in Eversource Energy by 45.0% during the first quarter. Ameritas Investment Partners Inc. now owns 20,905 shares of the utilities provider's stock worth $1,249,000 after acquiring an additional 6,490 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Eversource Energy by 74.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 32,181 shares of the utilities provider's stock worth $1,923,000 after purchasing an additional 13,685 shares in the last quarter. UniSuper Management Pty Ltd increased its position in Eversource Energy by 444.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 19,676 shares of the utilities provider's stock valued at $1,176,000 after buying an additional 16,062 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in Eversource Energy by 15.5% during the first quarter. Lake Street Advisors Group LLC now owns 5,184 shares of the utilities provider's stock valued at $310,000 after buying an additional 694 shares during the last quarter. Finally, DC Investments Management LLC bought a new stake in Eversource Energy in the first quarter worth $985,000. Institutional investors own 79.99% of the company's stock.

Eversource Energy Price Performance

NYSE ES traded down $0.35 on Wednesday, reaching $61.32. 757,465 shares of the company's stock traded hands, compared to its average volume of 2,389,237. The stock has a market cap of $22.47 billion, a PE ratio of -39.28, a P/E/G ratio of 2.47 and a beta of 0.61. 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 12 month low of $52.09 and a 12 month high of $69.01. The stock has a 50-day simple moving average of $64.99 and a 200 day simple moving average of $62.89.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 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 company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter last year, the company earned $0.97 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy's 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.