Eversource Energy (NYSE:ES) shares hit a new 52-week high on Tuesday . The stock traded as high as $64.43 and last traded at $63.70, with a volume of 2325882 shares traded. The stock had previously closed at $63.54.

Several research analysts have recently weighed in on ES shares. Morgan Stanley lifted their price target on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Credit Suisse Group lifted their price target on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Williams Capital lifted their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, BidaskClub cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $64.06.

The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $20,300.00, a price-to-earnings ratio of 20.63, a PEG ratio of 3.40 and a beta of 0.31.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.00%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. analysts forecast that Eversource Energy will post 3.15 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Private Bank & Trust Co. grew its stake in shares of Eversource Energy by 0.3% during the 2nd quarter. Private Bank & Trust Co. now owns 4,167 shares of the utilities provider’s stock worth $253,000 after purchasing an additional 13 shares during the period. MAI Capital Management grew its stake in shares of Eversource Energy by 0.6% during the 2nd quarter. MAI Capital Management now owns 4,408 shares of the utilities provider’s stock worth $268,000 after purchasing an additional 25 shares during the period. Buckingham Asset Management LLC grew its stake in shares of Eversource Energy by 0.6% during the 2nd quarter. Buckingham Asset Management LLC now owns 4,047 shares of the utilities provider’s stock worth $246,000 after purchasing an additional 25 shares during the period. Advisory Services Network LLC grew its stake in shares of Eversource Energy by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 32 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Eversource Energy by 0.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,980 shares of the utilities provider’s stock worth $545,000 after purchasing an additional 50 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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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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