Shares of Eversource Energy (NYSE:ES) have received a consensus recommendation of “Hold” from the nine research firms that are covering the firm. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $59.67.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Barclays PLC reduced their price objective on shares of Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 4th. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, August 1st. Citigroup Inc. reduced their price objective on shares of Eversource Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th. Finally, Argus restated a “buy” rating and issued a $59.00 price objective (down previously from $64.00) on shares of Eversource Energy in a research report on Wednesday, October 12th.

In other Eversource Energy news, VP Gregory B. Butler sold 10,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $54.77, for a total value of $547,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mycio Wealth Partners LLC boosted its position in shares of Eversource Energy by 100.0% in the second quarter. Mycio Wealth Partners LLC now owns 1,770 shares of the company’s stock worth $106,000 after buying an additional 885 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Eversource Energy by 167.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,901 shares of the company’s stock worth $113,000 after buying an additional 1,189 shares during the period. WFG Advisors LP boosted its position in shares of Eversource Energy by 7.8% in the second quarter. WFG Advisors LP now owns 1,994 shares of the company’s stock worth $119,000 after buying an additional 145 shares during the period. Bellwether Investment Group LLC acquired a new position in shares of Eversource Energy during the second quarter worth $132,000. Finally, SevenBridge Financial Group LLC acquired a new position in shares of Eversource Energy during the second quarter worth $138,000. 69.48% of the stock is owned by institutional investors and hedge funds.

Shares of Eversource Energy (NYSE:ES) opened at 51.95 on Wednesday. Eversource Energy has a 1-year low of $48.18 and a 1-year high of $60.44. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 18.49 and a beta of 0.31. The firm’s 50-day moving average price is $53.79 and its 200 day moving average price is $55.84.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, November 2nd. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. Eversource Energy had a net margin of 11.85% and a return on equity of 8.61%. The business earned $2.04 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts expect that Eversource Energy will post $2.98 earnings per share for the current fiscal year.

Eversource Energy Company Profile

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

5 Day Chart for NYSE:ES

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