Eversource Energy (NYSE:ES) Receives Consensus Rating of "Hold" from Analysts

Eversource Energy (NYSE:ES - Get Free Report) has earned a consensus recommendation of "Hold" from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $70.07.

ES has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Bank of America boosted their target price on Eversource Energy from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Morgan Stanley increased their price target on Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 23rd. Scotiabank boosted their price target on Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Finally, StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th.

Insiders Place Their Bets

In other news, EVP Penelope M. Conner sold 815 shares of the business's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the transaction, the executive vice president now owns 9,032 shares of the company's stock, valued at $591,596. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares of the company's stock, valued at $591,596. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Penelope M. Conner sold 500 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the transaction, the executive vice president now owns 9,847 shares of the company's stock, valued at approximately $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Eversource Energy

Several hedge funds have recently modified their holdings of ES. Lynx Investment Advisory acquired a new stake in Eversource Energy in the 2nd quarter valued at $25,000. UMB Bank n.a. increased its stake in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider's stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of Eversource Energy by 83.6% during the 1st quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider's stock worth $36,000 after purchasing an additional 276 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in Eversource Energy by 4,187.5% in the 1st quarter. Salomon & Ludwin LLC now owns 686 shares of the utilities provider's stock valued at $41,000 after buying an additional 670 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in Eversource Energy in the 1st quarter worth about $43,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 1.5 %

Shares of ES traded down $0.98 during trading hours on Friday, hitting $65.84. The company had a trading volume of 1,386,912 shares, compared to its average volume of 2,395,150. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $23.53 billion, a PE ratio of -243.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61. Eversource Energy has a one year low of $52.03 and a one year high of $69.01. The company's fifty day moving average price is $66.55 and its two-hundred day moving average price is $62.51.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, meeting the consensus estimate of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The company's quarterly revenue was down 3.7% on a year-over-year basis. As a group, equities analysts forecast that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.34%. The ex-dividend date was Monday, September 23rd. Eversource Energy's payout ratio is -1,059.26%.

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.