Eversource Energy (ES) Earning Somewhat Favorable Media Coverage, Analysis Shows
Media headlines about Eversource Energy (NYSE:ES) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eversource Energy earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.4509089713384 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Eversource Energy (ES) versus Entergy (ETR) Critical Survey (americanbankingnews.com)
- Eversource Energy (ES) Ex-Dividend Date Scheduled for December 15, 2017 – Nasdaq (nasdaq.com)
- Eversource Energy (ES) Stock Rating Upgraded by Morgan Stanley (americanbankingnews.com)
- Analyst Upgrades Eversource, Projects 12% Upside Potential (finance.yahoo.com)
- Northeast Utility Threatens Environmental Group Over Study (oilandgasinvestor.com)
A number of analysts have commented on ES shares. Zacks Investment Research downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Morgan Stanley upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and set a $72.00 price objective for the company in a report on Wednesday. Bank of America started coverage on shares of Eversource Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $62.00 price target for the company. Credit Suisse Group increased their price target on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, Williams Capital increased their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $64.50.
Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the company earned $0.83 EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. research analysts forecast that Eversource Energy will post 3.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a dividend of $0.475 per share. The ex-dividend date is Friday, December 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.94%. Eversource Energy’s payout ratio is currently 61.69%.
In related news, COO Werner J. Schweiger sold 10,098 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $64.68, for a total transaction of $653,138.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.
About Eversource Energy
Eversource Energy 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.
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