Eversource Energy (NYSE:ES) Rating Increased to Hold at StockNews.com

Eversource Energy (NYSE:ES) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other equities research analysts have also commented on ES. Wells Fargo & Company decreased their price target on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Scotiabank decreased their price target on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Guggenheim restated a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Jefferies Financial Group decreased their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. Finally, Barclays decreased their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.45.

Eversource Energy Stock Up 0.0 %

NYSE ES opened at $63.41 on Friday. The firm has a market cap of $23.26 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62. Eversource Energy has a one year low of $54.75 and a one year high of $69.01. The stock’s 50 day simple moving average is $58.19 and its 200 day simple moving average is $62.52. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. As a group, sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by corporate insiders.

Institutional Trading of Eversource Energy

Several hedge funds have recently added to or reduced their stakes in ES. Mizuho Bank Ltd. acquired a new stake in Eversource Energy during the 4th quarter worth $26,000. Kestra Investment Management LLC acquired a new stake in Eversource Energy during the 4th quarter worth $29,000. Assetmark Inc. raised its stake in shares of Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 254 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at about $31,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds 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.