Morgan Stanley upgraded shares of Eversource Energy (NYSE:ES) from an equal weight rating to an overweight rating in a research report sent to investors on Wednesday morning, Marketbeat reports. They currently have $72.00 target price on the utilities provider’s stock.

A number of other analysts also recently commented on ES. BidaskClub upgraded Eversource Energy from a sell rating to a hold rating in a research note on Friday, August 18th. Bank of America assumed coverage on Eversource Energy in a research note on Tuesday, October 24th. They issued an underperform rating and a $62.00 target price on the stock. Zacks Investment Research upgraded Eversource Energy from a sell rating to a hold rating in a research note on Tuesday, December 5th. Williams Capital upped their target price on Eversource Energy from $64.00 to $66.00 and gave the stock a buy rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group upped their target price on Eversource Energy from $60.00 to $63.00 and gave the stock a neutral rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $64.50.

Eversource Energy (ES) opened at $64.62 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $20,527.86, a price-to-earnings ratio of 21.03, a P/E/G ratio of 3.50 and a beta of 0.31. Eversource Energy has a 1-year low of $53.72 and a 1-year high of $66.15.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.06 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. equities analysts expect that Eversource Energy will post 3.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders 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 yield of 2.94%. Eversource Energy’s dividend payout ratio is currently 61.69%.

In other Eversource Energy news, COO Werner J. Schweiger sold 10,098 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total transaction of $653,138.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

A number of hedge funds have recently modified their holdings of ES. Principal Financial Group Inc. boosted its position in Eversource Energy by 382.4% during the second quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock worth $141,257,000 after purchasing an additional 1,844,447 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Eversource Energy by 142.0% during the third quarter. Janus Henderson Group PLC now owns 1,854,043 shares of the utilities provider’s stock valued at $112,057,000 after acquiring an additional 1,087,774 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Eversource Energy by 72.3% during the third quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock valued at $154,515,000 after acquiring an additional 1,072,700 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Eversource Energy by 2.4% during the second quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock valued at $2,006,787,000 after acquiring an additional 781,327 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Eversource Energy by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 15,936,793 shares of the utilities provider’s stock valued at $963,220,000 after acquiring an additional 516,965 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Eversource Energy (ES) Upgraded at Morgan Stanley” was posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/eversource-energy-es-upgraded-at-morgan-stanley/1767778.html.

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.

Analyst Recommendations for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.