Analysts Set Eversource Energy (NYSE:ES) Target Price at $68.38

Shares of Eversource Energy (NYSE:ES) have been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $68.38.

A number of equities research analysts have recently weighed in on ES shares. Scotiabank lowered shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price objective for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Mizuho boosted their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Bank of America upped their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Barclays increased their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets lowered their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th.

Hedge Funds Weigh In On Eversource Energy

Hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy during the third quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Eversource Energy during the 3rd quarter valued at $32,000. UMB Bank n.a. increased its stake in Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 198 shares during the last quarter. Larson Financial Group LLC increased its position in Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Eversource Energy in the third quarter worth $48,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 1.9 %

Shares of NYSE ES opened at $56.95 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $20.87 billion, a PE ratio of -36.27, a PEG ratio of 2.38 and a beta of 0.60. The stock has a fifty day simple moving average of $62.51 and a 200-day simple moving average of $63.06. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01.

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

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be given a $0.715 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $2.86 annualized dividend and a dividend yield of 5.02%. Eversource Energy’s dividend payout ratio is presently -182.17%.

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.