Headlines about Eversource Energy (NYSE:ES) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eversource Energy earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 45.772472293849 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Fuel Cell, Offshore Wind Projects Under Consideration By State (courant.com)
- Eversource Customers To See Rates Rise Under PURA Decision (courant.com)
- Eversource electric rate increase starts May 1 (myrecordjournal.com)
- BRIEF-Connecticut Water Confirms Receipt Of Unsolicited Acquisition Proposal From Eversource Energy (reuters.com)
- BRIEF-Eversource Energy Discloses Proposal To Acquire Connecticut Water Service For $63.50 Per Share (reuters.com)
Shares of ES traded down $0.64 during midday trading on Friday, hitting $59.22. 1,478,660 shares of the stock traded hands, compared to its average volume of 1,709,671. Eversource Energy has a 1-year low of $55.93 and a 1-year high of $66.15. The company has a market cap of $18,968.79, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 3.19 and a beta of 0.32. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.69.
Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. Eversource Energy had a net margin of 12.74% and a return on equity of 9.03%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. analysts predict that Eversource Energy will post 3.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 6th were issued a $0.505 dividend. The ex-dividend date was Monday, March 5th. This represents a $2.02 annualized dividend and a yield of 3.41%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.48. Eversource Energy’s dividend payout ratio is presently 64.95%.
Several analysts have weighed in on ES shares. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Credit Suisse Group set a $59.00 target price on shares of Eversource Energy and gave the company a “hold” rating in a research note on Thursday, March 29th. UBS upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Monday, April 2nd. Guggenheim reissued a “buy” rating and set a $59.00 price target on shares of Eversource Energy in a report on Friday, February 23rd. Finally, Williams Capital reissued a “buy” rating and set a $63.00 price target (down previously from $65.00) on shares of Eversource Energy in a report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $62.96.
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About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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