Eversource Energy (NYSE:ES) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the company. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $60.14.

Several research analysts recently issued reports on the company. Barclays PLC dropped their price objective on Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 4th. Deutsche Bank AG upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Tuesday, December 20th. Zacks Investment Research upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Thursday, December 29th. Argus restated a “buy” rating and set a $59.00 target price (down previously from $64.00) on shares of Eversource Energy in a report on Wednesday, October 12th. Finally, Citigroup Inc. lowered their target price on Eversource Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th.

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In related news, insider Thomas J. May sold 200,000 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $53.80, for a total value of $10,760,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of ES. Mycio Wealth Partners LLC raised its position in shares of Eversource Energy by 100.0% in the second quarter. Mycio Wealth Partners LLC now owns 1,770 shares of the company’s stock worth $106,000 after buying an additional 885 shares during the period. WFG Advisors LP raised its position in shares of Eversource Energy by 7.8% in the second quarter. WFG Advisors LP now owns 1,994 shares of the company’s stock worth $119,000 after buying an additional 145 shares during the period. Bellwether Investment Group LLC purchased a new position in shares of Eversource Energy during the second quarter worth about $132,000. SevenBridge Financial Group LLC purchased a new position in shares of Eversource Energy during the second quarter worth about $138,000. Finally, Seven Eight Capital LLC purchased a new position in shares of Eversource Energy during the second quarter worth about $147,000. Institutional investors own 68.89% of the company’s stock.

Eversource Energy (NYSE:ES) traded down 0.63% during mid-day trading on Friday, hitting $54.96. The company’s stock had a trading volume of 453,106 shares. Eversource Energy has a 12-month low of $50.16 and a 12-month high of $60.44. The company has a market cap of $17.42 billion, a P/E ratio of 19.56 and a beta of 0.28. The firm’s 50-day moving average is $54.12 and its 200-day moving average is $55.07.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. Eversource Energy had a return on equity of 8.61% and a net margin of 11.85%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Eversource Energy’s revenue was up 5.5% compared to the same quarter last year. Analysts predict that Eversource Energy will post $2.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.78 annualized dividend and a dividend yield of 3.22%. Eversource Energy’s dividend payout ratio is presently 63.35%.

Eversource Energy Company Profile

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

5 Day Chart for NYSE:ES

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