Eversource Energy (NYSE:ES) Given New $69.00 Price Target at Barclays

Eversource Energy (NYSE:ES) had its target price reduced by investment analysts at Barclays from $72.00 to $69.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price indicates a potential upside of 22.50% from the stock’s previous close.

A number of other research analysts have also recently issued reports on ES. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their target price for the company from $66.00 to $56.00 in a research note on Thursday, December 12th. Jefferies Financial Group assumed coverage on Eversource Energy in a research report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price objective for the company. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. BMO Capital Markets lowered their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Finally, Mizuho upped their price objective on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.83.

Eversource Energy Trading Up 1.0 %

ES stock opened at $56.33 on Wednesday. Eversource Energy has a 1-year low of $52.71 and a 1-year high of $69.01. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The business’s 50 day moving average is $59.22 and its 200-day moving average is $62.91. The firm has a market cap of $20.64 billion, a P/E ratio of -35.88, a P/E/G ratio of 2.23 and a beta of 0.62.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eversource Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in Eversource Energy during the third quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Eversource Energy during the third quarter worth about $32,000. UMB Bank n.a. lifted its holdings in shares of Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 198 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares during the period. Finally, Asset Dedication LLC bought a new stake in Eversource Energy during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Company Profile

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.