Eversource Energy (NYSE:ES) Price Target Increased to $73.00 by Analysts at BMO Capital Markets

Eversource Energy (NYSE:ES) had its target price increased by BMO Capital Markets from $69.00 to $73.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a market perform rating on the utilities provider’s stock.

ES has been the subject of a number of other research reports. Scotiabank reduced their price target on Eversource Energy from $61.00 to $57.00 and set a sector perform rating for the company in a report on Monday, April 22nd. The Goldman Sachs Group started coverage on Eversource Energy in a report on Wednesday, April 10th. They issued a buy rating and a $73.00 price target for the company. Barclays increased their target price on Eversource Energy from $65.00 to $69.00 and gave the company an equal weight rating in a report on Monday, July 22nd. StockNews.com cut Eversource Energy from a hold rating to a sell rating in a report on Saturday, July 27th. Finally, Wells Fargo & Company increased their target price on Eversource Energy from $72.00 to $79.00 and gave the company an overweight rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $67.43.

Eversource Energy Stock Performance

Shares of ES traded up $0.49 during mid-day trading on Monday, reaching $65.51. The company had a trading volume of 2,173,606 shares, compared to its average volume of 2,540,183. Eversource Energy has a 52-week low of $52.03 and a 52-week high of $68.72. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $23.08 billion, a P/E ratio of -55.30, a PEG ratio of 2.53 and a beta of 0.59. The stock has a 50 day moving average of $59.72 and a two-hundred day moving average of $58.83.

Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.90 billion. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. On average, analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Insider Transactions at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,700 shares of Eversource Energy stock in a transaction on Friday, May 31st. The stock was sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the transaction, the executive vice president now directly owns 10,272 shares in the company, valued at $603,480. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Penelope M. Conner sold 2,700 shares of Eversource Energy stock in a transaction on Friday, May 31st. The stock was sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the transaction, the executive vice president now directly owns 10,272 shares in the company, valued at $603,480. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the completion of the transaction, the vice president now owns 63,808 shares of the company’s stock, valued at $3,586,009.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Heritage Wealth Advisors acquired a new stake in Eversource Energy in the fourth quarter valued at $25,000. Lynx Investment Advisory acquired a new stake in Eversource Energy in the second quarter valued at $25,000. Rise Advisors LLC acquired a new stake in Eversource Energy in the first quarter valued at $27,000. Bfsg LLC acquired a new stake in shares of Eversource Energy during the fourth quarter worth about $31,000. Finally, Versant Capital Management Inc increased its position in shares of Eversource Energy by 62.6% during the first 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. 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.