Eversource Energy (NYSE:ES) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Eversource Energy (NYSE:ES – Get Rating) in a research note released on Thursday. The firm issued a hold rating on the utilities provider’s stock.

ES has been the topic of a number of other reports. Wolfe Research downgraded shares of Eversource Energy from an outperform rating to a peer perform rating in a research report on Tuesday, February 21st. Evercore ISI upgraded shares of Eversource Energy from an in-line rating to an outperform rating and upped their target price for the company from $86.00 to $92.00 in a research report on Tuesday, January 24th. UBS Group upped their target price on shares of Eversource Energy from $77.00 to $83.00 and gave the company a neutral rating in a research report on Thursday, December 1st. Morgan Stanley cut their target price on shares of Eversource Energy from $90.00 to $87.00 and set an equal weight rating on the stock in a research report on Wednesday, February 22nd. Finally, Citigroup cut their target price on shares of Eversource Energy from $91.00 to $86.00 and set a neutral rating on the stock in a research report on Thursday, February 16th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $89.00.

Eversource Energy Stock Down 1.2 %

Shares of NYSE ES opened at $75.91 on Thursday. The firm’s 50-day simple moving average is $79.27 and its 200 day simple moving average is $80.92. The company has a market cap of $26.45 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 1.27. Eversource Energy has a 12-month low of $70.54 and a 12-month high of $94.63.

Eversource Energy (NYSE:ES – Get Rating) last issued its quarterly earnings results on Monday, February 13th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.02). Eversource Energy had a return on equity of 9.38% and a net margin of 11.43%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. On average, research analysts expect that Eversource Energy will post 4.37 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 2nd will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 3.56%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, March 1st. Eversource Energy’s dividend payout ratio is presently 66.83%.

Insider Buying and Selling

In related news, insider Frederica M. Williams sold 1,943 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $78.83, for a total transaction of $153,166.69. Following the completion of the sale, the insider now directly owns 20,763 shares of the company’s stock, valued at approximately $1,636,747.29. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

Institutional Trading of Eversource Energy

Large investors have recently bought and sold shares of the business. Mascoma Wealth Management LLC bought a new stake in Eversource Energy during the 4th quarter worth approximately $25,000. Delta Asset Management LLC TN bought a new stake in Eversource Energy during the 4th quarter worth approximately $25,000. Lakewood Asset Management LLC bought a new position in shares of Eversource Energy during the 4th quarter worth approximately $25,000. Piershale Financial Group Inc. bought a new position in shares of Eversource Energy during the 4th quarter worth approximately $26,000. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Eversource Energy during the 4th quarter worth approximately $27,000. 77.37% of the stock is owned by institutional investors.

Eversource Energy Company Profile

(Get Rating)

Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Natural Gas Distribution and Water Distribution. The Electric Distribution segment distributes electricity to retail customers.