Eversource Energy (NYSE:ES) PT Raised to $73.00 at Mizuho

Eversource Energy (NYSE:ES) had its target price upped by analysts at Mizuho from $62.00 to $73.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price target would indicate a potential upside of 10.79% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Scotiabank upped their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Morgan Stanley upped their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. StockNews.com downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets reduced their price objective on shares of Eversource Energy from $73.00 to $70.00 and set a “market perform” rating for the company in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and an average target price of $70.00.

Eversource Energy Trading Down 1.2 %

ES opened at $65.89 on Wednesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $69.01. The firm has a market capitalization of $23.21 billion, a PE ratio of -55.84, a P/E/G ratio of 2.54 and a beta of 0.61. The company’s 50-day moving average is $66.62 and its 200 day moving average is $61.78.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts predict that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Insider Activity at Eversource Energy

In related news, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Eversource Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Lynx Investment Advisory purchased a new stake in Eversource Energy in the 2nd quarter worth approximately $25,000. Rise Advisors LLC purchased a new stake in Eversource Energy in the 1st quarter worth approximately $27,000. Versant Capital Management Inc lifted its stake in Eversource Energy by 62.6% in the 1st quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 201 shares in the last quarter. Salem Investment Counselors Inc. lifted its stake in Eversource Energy by 49.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Finally, Manchester Capital Management LLC raised its position in shares of Eversource Energy by 83.6% during the 1st quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider’s stock valued at $36,000 after buying an additional 276 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

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.