Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Eversource Energy (ES) Share Price
Media stories about Eversource Energy (NYSE:ES) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eversource Energy earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.4415105215975 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Generating High income Stock: Eversource Energy (ES) – Voice Of Analysts (analystsbuzz.com)
- Utilities Stock Performance Review — Eversource Energy, PNM Resources, Cosan, and Exelon – PR Newswire (press release) (prnewswire.com)
- Eversource Energy breached its 50 day moving average in a Bearish Manner : ES-US : September 19, 2017 (finance.yahoo.com)
- November 17th Options Now Available For Eversource Energy (ES) (stockoptionschannel.com)
- EVERSOURCE ENERGY : ex-dividend day (4-traders.com)
A number of brokerages have weighed in on ES. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Morgan Stanley boosted their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Deutsche Bank AG lowered shares of Eversource Energy from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $61.00 to $61.50 in a research report on Monday, July 31st. Janney Montgomery Scott set a $71.00 price objective on shares of Eversource Energy and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $66.00 price objective (up previously from $62.00) on shares of Eversource Energy in a research report on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Eversource Energy has a consensus rating of “Hold” and a consensus target price of $63.50.
Shares of Eversource Energy (ES) opened at 61.44 on Friday. The stock has a 50 day moving average of $62.57 and a 200-day moving average of $60.87. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 19.88 and a beta of 0.29. Eversource Energy has a 12 month low of $50.56 and a 12 month high of $64.19.
Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business earned $0.64 EPS. Eversource Energy’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts forecast that Eversource Energy will post $3.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, September 18th. Eversource Energy’s dividend payout ratio is currently 61.49%.
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Eversource Energy Company Profile
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.
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