BidaskClub upgraded shares of Eversource Energy (NYSE:ES) from a sell rating to a hold rating in a research report report published on Friday.

A number of other research firms have also recently commented on ES. BMO Capital Markets upped their target price on Eversource Energy from $57.00 to $61.00 and gave the company a market perform rating in a research note on Monday, May 15th. Citigroup Inc. upped their target price on Eversource Energy from $54.00 to $58.00 and gave the company a neutral rating in a research note on Tuesday, April 25th. Zacks Investment Research raised Eversource Energy from a sell rating to a hold rating in a research note on Monday, June 5th. Janney Montgomery Scott set a $71.00 price target on Eversource Energy and gave the company a buy rating in a report on Monday, July 31st. Finally, Deutsche Bank AG lowered Eversource Energy from a buy rating to a hold rating and boosted their price target for the company from $61.00 to $61.50 in a report on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $62.95.

Shares of Eversource Energy (ES) opened at 63.06 on Friday. The company’s 50-day moving average price is $61.09 and its 200 day moving average price is $59.89. Eversource Energy has a one year low of $50.56 and a one year high of $63.34. The stock has a market capitalization of $19.98 billion, a PE ratio of 20.41 and a beta of 0.28.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Analysts anticipate that Eversource Energy will post $3.15 EPS for the current year.

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In other Eversource Energy news, VP Werner J. Schweiger sold 36,736 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $62.00, for a total transaction of $2,277,632.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of ES. BlackRock Inc. raised its stake in Eversource Energy by 2,396.3% in the first quarter. BlackRock Inc. now owns 23,980,820 shares of the utilities provider’s stock worth $1,409,592,000 after buying an additional 23,020,171 shares in the last quarter. Principal Financial Group Inc. raised its stake in Eversource Energy by 382.4% in the second quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock worth $141,257,000 after buying an additional 1,844,447 shares in the last quarter. Magellan Asset Management Ltd bought a new stake in Eversource Energy during the first quarter worth $82,000,000. Vanguard Group Inc. raised its stake in Eversource Energy by 3.5% in the first quarter. Vanguard Group Inc. now owns 32,273,965 shares of the utilities provider’s stock worth $1,897,064,000 after buying an additional 1,078,978 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Eversource Energy by 1,617.7% in the second quarter. Janus Henderson Group PLC now owns 766,269 shares of the utilities provider’s stock worth $46,520,000 after buying an additional 721,660 shares in the last quarter. Institutional investors own 71.31% of the company’s stock.

About Eversource Energy

Eversource Energy 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.

Analyst Recommendations for Eversource Energy (NYSE:ES)

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