Eversource Energy (ES) Getting Somewhat Favorable Media Coverage, Report Finds
Headlines about Eversource Energy (NYSE:ES) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of news 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 negative one to positive one, with scores closest to one being the most favorable. Eversource Energy earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 45.5533767608155 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Money Making Stock: Eversource Energy (ES) presents High Dividend Yield at 2.92% – Voice Of Analysts (analystsbuzz.com)
- Northern Pass hydroelectric project gets DoE permit – Seeking Alpha (seekingalpha.com)
- Eversource Energy : U.S. Department of Energy Approves Presidential Permit for Northern Pass (4-traders.com)
- Are Eversource Energy’s (ES) Interest Costs Too High? (finance.yahoo.com)
Shares of Eversource Energy (ES) traded down $0.68 during midday trading on Friday, reaching $64.21. 1,601,024 shares of the company were exchanged, compared to its average volume of 1,765,832. The firm has a market capitalization of $20,347.24, a PE ratio of 20.85, a P/E/G ratio of 3.44 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Eversource Energy has a 52-week low of $50.56 and a 52-week high of $66.15.
Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. analysts forecast that Eversource Energy will post 3.15 EPS for the current year.
ES has been the subject of several analyst reports. Deutsche Bank AG cut shares of Eversource Energy from a “buy” rating to a “hold” rating and lifted their price target for the stock from $61.00 to $61.50 in a research report on Monday, July 31st. Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the stock a “buy” rating in a research report on Monday, July 31st. Morgan Stanley lifted their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Credit Suisse Group lifted their price target on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $64.06.
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In related news, COO Werner J. Schweiger sold 10,098 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by insiders.
Eversource Energy Company Profile
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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