Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Eversource Energy (ES) Share Price
News stories about Eversource Energy (NYSE:ES) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eversource Energy earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.2793874646322 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Eversource Energy (NYSE:ES) traded down $0.03 during midday trading on Monday, hitting $60.76. The stock had a trading volume of 2,493,408 shares, compared to its average volume of 1,950,000. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Eversource Energy has a 12-month low of $54.10 and a 12-month high of $66.15. The stock has a market capitalization of $19,250.00, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 3.05 and a beta of 0.31.
Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. research analysts expect that Eversource Energy will post 3.14 EPS for the current year.
ES has been the topic of a number of recent research reports. Credit Suisse Group upped their price objective on Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Williams Capital upped their price objective on Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Morgan Stanley upped their price objective on Eversource Energy from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Bank of America initiated coverage on Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $64.95.
In other news, COO Werner J. Schweiger sold 10,098 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total value of $653,138.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.
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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, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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