Eversource Energy (NYSE:ES) PT Raised to $67.00 at Morgan Stanley

Eversource Energy (NYSE:ES) had its target price hoisted by equities research analysts at Morgan Stanley from $66.00 to $67.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective points to a potential upside of 14.39% from the company’s previous close.

A number of other research firms have also recently issued reports on ES. UBS Group boosted their target price on Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, November 7th. Guggenheim downgraded shares of Eversource Energy from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a report on Friday, October 13th. TheStreet downgraded shares of Eversource Energy from a “b-” rating to a “c” rating in a research report on Thursday, August 31st. Evercore ISI lowered shares of Eversource Energy from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $84.00 to $65.00 in a report on Tuesday, November 7th. Finally, Scotiabank lowered shares of Eversource Energy from a “sector outperform” rating to a “sector perform” rating and set a $60.00 target price for the company. in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.75.

Eversource Energy Trading Up 0.5 %

Shares of ES stock traded up $0.27 on Tuesday, reaching $58.57. The company had a trading volume of 193,718 shares, compared to its average volume of 2,143,301. The company has a 50-day moving average of $57.22 and a 200-day moving average of $65.32. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $87.71. The stock has a market cap of $20.46 billion, a PE ratio of 17.54, a PEG ratio of 2.65 and a beta of 0.54. The company has a current ratio of 0.56, a quick ratio of 0.50 and a debt-to-equity ratio of 1.41.

Eversource Energy (NYSE:ES) last posted its earnings results on Monday, November 6th. The utilities provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.01). Eversource Energy had a return on equity of 9.64% and a net margin of 9.52%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities analysts forecast that Eversource Energy will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On Eversource Energy

A number of large investors have recently added to or reduced their stakes in the business. United Capital Financial Advisers LLC raised its position in shares of Eversource Energy by 3.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 3,880 shares of the utilities provider’s stock worth $342,000 after acquiring an additional 134 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in Eversource Energy by 4.9% in the second quarter. Gateway Investment Advisers LLC now owns 3,133 shares of the utilities provider’s stock worth $222,000 after purchasing an additional 145 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in Eversource Energy by 12.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,359 shares of the utilities provider’s stock valued at $106,000 after buying an additional 148 shares during the period. Snowden Capital Advisors LLC boosted its holdings in shares of Eversource Energy by 3.8% during the 1st quarter. Snowden Capital Advisors LLC now owns 4,101 shares of the utilities provider’s stock worth $321,000 after buying an additional 151 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Eversource Energy by 2.4% during the second quarter. Signaturefd LLC now owns 6,444 shares of the utilities provider’s stock worth $457,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 80.83% of the company’s stock.

About Eversource Energy

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.