Eversource Energy (ES) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of Eversource Energy (NYSE:ES) in a research note issued to investors on Monday, The Fly reports. The firm issued a hold rating and a $64.00 price target on the utilities provider’s stock.

A number of other equities analysts have also commented on the stock. Morgan Stanley raised their price target on shares of Eversource Energy from $63.00 to $67.00 and gave the stock a hold rating in a research report on Tuesday, September 11th. Wells Fargo & Co raised their price target on shares of Eversource Energy from $67.00 to $71.00 and gave the stock an outperform rating in a research report on Monday, September 17th. Citigroup raised their price target on shares of Eversource Energy from $59.00 to $63.00 and gave the stock a hold rating in a research report on Tuesday, September 25th. Bank of America raised shares of Eversource Energy from an underperform rating to a neutral rating and set a $59.00 price target on the stock in a research report on Friday, August 3rd. Finally, Scotiabank started coverage on shares of Eversource Energy in a research report on Tuesday, September 4th. They set a sector perform rating on the stock. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Eversource Energy presently has a consensus rating of Buy and an average target price of $63.64.

NYSE ES opened at $63.20 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 1.07. The stock has a market cap of $20.07 billion, a PE ratio of 19.92, a P/E/G ratio of 3.28 and a beta of 0.24. Eversource Energy has a 52-week low of $52.76 and a 52-week high of $66.15.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Eversource Energy had a net margin of 12.59% and a return on equity of 9.07%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, equities research analysts expect that Eversource Energy will post 3.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 21st were issued a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 3.20%. The ex-dividend date was Thursday, September 20th. Eversource Energy’s dividend payout ratio is currently 64.95%.

In other Eversource Energy news, EVP Leon J. Olivier sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $62.03, for a total value of $3,101,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.45% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Sawyer & Company Inc boosted its position in Eversource Energy by 158.4% during the 3rd quarter. Sawyer & Company Inc now owns 11,655 shares of the utilities provider’s stock worth $716,000 after buying an additional 7,145 shares during the period. IFM Investors Pty Ltd boosted its position in Eversource Energy by 16.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 17,008 shares of the utilities provider’s stock worth $1,045,000 after buying an additional 2,351 shares during the period. Cornerstone Wealth Management LLC boosted its position in Eversource Energy by 758.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 616,652 shares of the utilities provider’s stock worth $10,223,000 after buying an additional 544,785 shares during the period. Huntington National Bank boosted its position in Eversource Energy by 18.6% during the 3rd quarter. Huntington National Bank now owns 5,742 shares of the utilities provider’s stock worth $353,000 after buying an additional 899 shares during the period. Finally, Oakbrook Investments LLC boosted its position in Eversource Energy by 39.9% during the 3rd quarter. Oakbrook Investments LLC now owns 18,231 shares of the utilities provider’s stock worth $1,120,000 after buying an additional 5,200 shares during the period. 73.42% of the stock is currently owned by hedge funds and other institutional investors.

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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The Fly

Analyst Recommendations for Eversource Energy (NYSE:ES)

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