Eversource Energy (NYSE:ES) Lowered to Sell Rating by StockNews.com

Eversource Energy (NYSE:ES) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other research analysts have also recently weighed in on the company. Morgan Stanley boosted their price target on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. BMO Capital Markets lowered their target price on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Eversource Energy in a report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 price target on the stock. Barclays boosted their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Mizuho raised their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $68.38.

Eversource Energy Stock Down 0.4 %

Eversource Energy stock traded down $0.27 during mid-day trading on Friday, reaching $59.53. The stock had a trading volume of 1,495,073 shares, compared to its average volume of 2,366,158. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The company has a 50-day moving average price of $63.29 and a two-hundred day moving average price of $63.06. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of -37.91, a PEG ratio of 2.40 and a beta of 0.60. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts expect that Eversource Energy will post 4.56 EPS for the current fiscal year.

Institutional Trading of Eversource Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in Eversource Energy in the 3rd quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new position in shares of Eversource Energy in the third quarter worth $32,000. UMB Bank n.a. lifted its holdings in shares of Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 350 shares during the last quarter. Finally, MFA Wealth Advisors LLC purchased a new position in Eversource Energy during the third quarter valued at $48,000. 79.99% of the stock is currently owned by institutional investors.

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.