Eversource Energy (NYSE:ES) Receives $67.42 Consensus PT from Brokerages

Shares of Eversource Energy (NYSE:ES) have received an average rating of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $67.42.

Several brokerages have recently weighed in on ES. Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their price objective for the company from $66.00 to $56.00 in a report on Thursday, December 12th. BMO Capital Markets dropped their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Jefferies Financial Group decreased their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. Barclays reduced their target price 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. Finally, StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ES. Brooklyn Investment Group purchased a new stake in Eversource Energy during the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new stake in Eversource Energy during the third quarter valued at about $32,000. Kestra Investment Management LLC purchased a new position in shares of Eversource Energy in the fourth quarter valued at about $29,000. UMB Bank n.a. grew its position 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. Finally, Larson Financial Group LLC lifted its holdings in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 350 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 0.9 %

Shares of NYSE:ES opened at $58.56 on Monday. The company has a market capitalization of $21.46 billion, a PE ratio of -37.30, a P/E/G ratio of 2.20 and a beta of 0.62. 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’s fifty day moving average is $58.33 and its 200-day moving average is $62.81. Eversource Energy has a 52 week low of $52.71 and a 52 week high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data 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 positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company earned $0.97 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Equities research analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 5.14%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently -182.17%.

Eversource Energy Company Profile

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.