StockNews.com downgraded shares of Eversource Energy (NYSE:ES - Free Report) from a hold rating to a sell rating in a research note released on Thursday.
A number of other equities research analysts have also commented on ES. Scotiabank dropped their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday. 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. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Finally, Barclays decreased their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.45.
Read Our Latest Stock Analysis on ES
Eversource Energy Trading Down 1.5 %
NYSE:ES traded down $0.93 during trading hours on Thursday, hitting $61.57. The stock had a trading volume of 3,268,740 shares, compared to its average volume of 3,088,778. The business's 50 day moving average is $57.95 and its 200-day moving average is $62.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The company has a market cap of $22.56 billion, a price-to-earnings ratio of -39.22, a P/E/G ratio of 2.25 and a beta of 0.62. Eversource Energy has a one year low of $54.75 and a one year high of $69.01.
Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Sell-side analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.
Eversource Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.89%. Eversource Energy's payout ratio is presently -182.17%.
Institutional Trading of Eversource Energy
Hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in Eversource Energy during the third quarter worth approximately $114,000. Creative Planning boosted its stake in Eversource Energy by 6.7% in the 3rd quarter. Creative Planning now owns 86,160 shares of the utilities provider's stock valued at $5,863,000 after purchasing an additional 5,417 shares during the period. Swedbank AB boosted its stake in Eversource Energy by 2.2% in the 3rd quarter. Swedbank AB now owns 524,379 shares of the utilities provider's stock valued at $35,684,000 after purchasing an additional 11,111 shares during the period. McKinley Carter Wealth Services Inc. bought a new position in Eversource Energy during the 3rd quarter worth $226,000. Finally, ZWJ Investment Counsel Inc. lifted its holdings in shares of Eversource Energy by 24.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 260,600 shares of the utilities provider's stock worth $17,734,000 after buying an additional 50,483 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.
About Eversource Energy
(
Get Free Report)
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.
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