Eversource Energy (NYSE:ES) Coverage Initiated at Jefferies Financial Group

Equities researchers at Jefferies Financial Group started coverage on shares of Eversource Energy (NYSE:ES) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set an “underperform” rating and a $52.00 price target on the utilities provider’s stock. Jefferies Financial Group’s target price indicates a potential downside of 18.33% from the company’s previous close.

Several other equities analysts have also commented on ES. BMO Capital Markets lowered their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Scotiabank lifted their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Mizuho lifted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Barclays upped their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Eversource Energy has an average rating of “Hold” and an average target price of $69.15.

Eversource Energy Trading Down 1.3 %

NYSE:ES opened at $63.67 on Tuesday. The company has a 50-day moving average price of $64.33 and a 200-day moving average price of $63.03. The stock has a market cap of $23.33 billion, a price-to-earnings ratio of -40.55, a P/E/G ratio of 2.58 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a 12 month low of $52.09 and a 12 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, beating the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the firm posted $0.97 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Equities analysts predict that Eversource Energy will post 4.56 EPS for the current year.

Institutional Investors Weigh In On Eversource Energy

Large investors have recently made changes to their positions in the company. Lynx Investment Advisory purchased a new stake in Eversource Energy in the second quarter worth about $25,000. Brooklyn Investment Group purchased a new stake in Eversource Energy in the 3rd quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new position in Eversource Energy during the third quarter valued at approximately $32,000. UMB Bank n.a. increased its stake 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 purchasing an additional 198 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares during the period. 79.99% of the stock is currently owned by 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.