Guggenheim Reiterates Buy Rating for Eversource Energy (NYSE:ES)

Eversource Energy (NYSE:ES)‘s stock had its “buy” rating reaffirmed by investment analysts at Guggenheim in a report issued on Monday,Benzinga reports.

A number of other analysts have also issued reports on ES. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. BMO Capital Markets dropped their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Barclays reduced their price target on shares of 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. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price objective for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Finally, Jefferies Financial Group reduced their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.42.

Eversource Energy Trading Up 0.8 %

Shares of ES opened at $59.42 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. Eversource Energy has a one year low of $52.71 and a one year high of $69.01. The stock has a 50-day moving average price of $57.99 and a 200 day moving average price of $62.74. The company has a market capitalization of $21.77 billion, a P/E ratio of -37.85, a P/E/G ratio of 2.25 and a beta of 0.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ES. Brooklyn Investment Group bought a new position in shares of Eversource Energy in the third quarter worth $31,000. Ashton Thomas Securities LLC acquired a new stake in Eversource Energy in the third quarter worth about $32,000. Kestra Investment Management LLC bought a new position in Eversource Energy in the 4th quarter valued at about $29,000. Assetmark Inc. increased its stake in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after buying an additional 254 shares during the period. Finally, UMB Bank n.a. raised its position 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 worth $35,000 after buying an additional 198 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

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.