Eversource Energy (NYSE:ES) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Eversource Energy (NYSE:ES – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the utilities provider’s stock.

ES has been the subject of a number of other research reports. Morgan Stanley dropped their price target on Eversource Energy from $90.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 22nd. Wells Fargo & Company dropped their price target on Eversource Energy from $99.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, February 15th. Wolfe Research cut Eversource Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 21st. UBS Group raised their price target on Eversource Energy from $77.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, December 1st. Finally, Evercore ISI upgraded Eversource Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $86.00 to $92.00 in a research report on Tuesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $89.00.

Eversource Energy Trading Up 1.2 %

NYSE:ES opened at $76.82 on Thursday. The stock has a fifty day moving average price of $79.60 and a two-hundred day moving average price of $81.13. The stock has a market capitalization of $26.77 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.56 and a beta of 0.45. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.57 and a current ratio of 0.62. Eversource Energy has a 1 year low of $70.54 and a 1 year high of $94.63.

Eversource Energy (NYSE:ES – Get Rating) last released its quarterly earnings data 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). The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Eversource Energy had a return on equity of 9.38% and a net margin of 11.43%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. As a group, sell-side analysts anticipate that Eversource Energy will post 4.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Eversource Energy news, insider Faasen William C. Van sold 1,943 shares of the firm’s stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $81.08, for a total value of $157,538.44. Following the sale, the insider now directly owns 18,841 shares of the company’s stock, valued at approximately $1,527,628.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eversource Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Eversource Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,413,456 shares of the utilities provider’s stock valued at $3,462,474,000 after buying an additional 871,683 shares during the period. State Street Corp raised its holdings in shares of Eversource Energy by 2.0% during the 3rd quarter. State Street Corp now owns 25,182,412 shares of the utilities provider’s stock valued at $1,963,221,000 after buying an additional 499,204 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in shares of Eversource Energy by 101,201.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,617,104 shares of the utilities provider’s stock valued at $1,057,818,000 after buying an additional 12,604,649 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Eversource Energy by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,542,540 shares of the utilities provider’s stock valued at $632,367,000 after buying an additional 24,784 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Eversource Energy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 7,423,829 shares of the utilities provider’s stock valued at $621,332,000 after buying an additional 184,614 shares during the period. 77.37% of the stock is owned by institutional investors and hedge funds.

About Eversource Energy

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