Guggenheim restated their buy rating on shares of Eversource Energy (NYSE:ES - Free Report) in a research report report published on Monday,Benzinga reports.
A number of other equities research analysts have also recently weighed in on ES. Barclays cut their price target on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. BMO Capital Markets cut their target price 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. Jefferies Financial Group reduced their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Scotiabank lowered Eversource Energy from a "sector perform" rating to a "sector underperform" rating and lowered their price target for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Finally, StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Saturday, December 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Eversource Energy has an average rating of "Hold" and an average price target of $67.00.
Read Our Latest Report on Eversource Energy
Eversource Energy Stock Performance
NYSE ES traded up $2.53 during trading hours on Monday, reaching $62.25. The company's stock had a trading volume of 3,360,583 shares, compared to its average volume of 3,036,788. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The business has a 50-day simple moving average of $57.89 and a 200 day simple moving average of $62.68. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01. The stock has a market cap of $22.81 billion, a PE ratio of -39.59, a PEG ratio of 2.25 and a beta of 0.62.
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 analysts' consensus estimates 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%. Equities research analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.
Eversource Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.84%. Eversource Energy's payout ratio is -182.17%.
Institutional Investors Weigh In On Eversource Energy
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mizuho Bank Ltd. purchased a new stake in Eversource Energy during the fourth quarter valued at about $26,000. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy during the fourth quarter valued at approximately $29,000. Assetmark Inc. lifted its position in shares of Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 254 shares in the last quarter. Brooklyn Investment Group acquired a new position in Eversource Energy in the 3rd quarter worth approximately $31,000. Finally, Ashton Thomas Securities LLC acquired a new position in Eversource Energy in the 3rd quarter worth approximately $32,000. 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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