Eversource Energy (NYSE:ES) Stock Rating Upgraded by StockNews.com

Eversource Energy (NYSE:ES) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

A number of other equities research analysts also recently commented on the company. Barclays reduced their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Scotiabank decreased their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group dropped their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, Wells Fargo & Company dropped their price objective on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.78.

Eversource Energy Stock Performance

Shares of ES stock opened at $57.99 on Monday. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.35 and a beta of 0.58. The stock’s 50-day moving average is $60.39 and its two-hundred day moving average is $60.72.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Insider Transactions at Eversource Energy

In related news, VP Jay S. Buth sold 980 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the sale, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frederica M. Williams sold 3,092 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now directly owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Eversource Energy

Hedge funds have recently made changes to their positions in the company. MML Investors Services LLC grew its stake in Eversource Energy by 39.5% in the third quarter. MML Investors Services LLC now owns 21,435 shares of the utilities provider’s stock valued at $1,459,000 after purchasing an additional 6,069 shares in the last quarter. Barclays PLC raised its position in Eversource Energy by 15.9% during the third quarter. Barclays PLC now owns 1,095,966 shares of the utilities provider’s stock valued at $74,582,000 after acquiring an additional 150,535 shares in the last quarter. Bard Financial Services Inc. lifted its stake in Eversource Energy by 244.9% in the third quarter. Bard Financial Services Inc. now owns 21,715 shares of the utilities provider’s stock valued at $1,478,000 after acquiring an additional 15,419 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Eversource Energy by 32.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,358 shares of the utilities provider’s stock worth $1,354,000 after purchasing an additional 5,203 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Eversource Energy during the 3rd quarter valued at $277,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

About Eversource Energy

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