Credit Suisse Group upgraded shares of Eversource Energy (NYSE:ES) from a neutral rating to an outperform rating in a report released on Tuesday morning, Marketbeat reports. They currently have $73.00 target price on the utilities provider’s stock, up from their previous target price of $62.00.

Several other research firms have also recently commented on ES. Wells Fargo & Co lifted their target price on Eversource Energy from $67.00 to $71.00 and gave the company an outperform rating in a research note on Monday, September 17th. Morgan Stanley lifted their target price on Eversource Energy from $63.00 to $67.00 and gave the company a hold rating in a research note on Tuesday, September 11th. Barclays set a $66.00 target price on Eversource Energy and gave the company a hold rating in a research note on Saturday, November 17th. Zacks Investment Research cut Eversource Energy from a buy rating to a hold rating in a research note on Friday, November 30th. Finally, Scotiabank started coverage on Eversource Energy in a research note on Tuesday, September 4th. They issued a sector perform rating for the company. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Eversource Energy has a consensus rating of Buy and a consensus price target of $65.73.

NYSE ES opened at $69.46 on Tuesday. The firm has a market capitalization of $21.85 billion, a PE ratio of 22.33, a PEG ratio of 3.57 and a beta of 0.20. Eversource Energy has a 52 week low of $52.76 and a 52 week high of $69.82. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 1.07.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, November 1st. The utilities provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Eversource Energy had a return on equity of 9.32% and a net margin of 12.51%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. As a group, equities research analysts expect that Eversource Energy will post 3.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Tuesday, December 18th will be paid a dividend of $0.505 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.91%. Eversource Energy’s dividend payout ratio (DPR) is presently 64.95%.

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of Eversource Energy by 5.8% during the second quarter. American Century Companies Inc. now owns 3,344,553 shares of the utilities provider’s stock worth $196,024,000 after purchasing an additional 184,224 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of Eversource Energy during the second quarter worth $266,000. Dai Ichi Life Insurance Company Ltd grew its stake in shares of Eversource Energy by 13.4% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 146,986 shares of the utilities provider’s stock worth $8,615,000 after purchasing an additional 17,405 shares during the period. Cox Capital Co LLC acquired a new stake in shares of Eversource Energy during the second quarter worth $543,000. Finally, BB&T Corp grew its stake in shares of Eversource Energy by 5.7% during the third quarter. BB&T Corp now owns 21,824 shares of the utilities provider’s stock worth $1,342,000 after purchasing an additional 1,168 shares during the period. 73.59% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Analyst Recommendations for Eversource Energy (NYSE:ES)

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