Media headlines about Eversource Energy (NYSE:ES) have been trending positive on Tuesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Eversource Energy earned a news impact score of 0.44 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- How is Eversource Energy (NYSE: ES) Executing its Strategy? – Argus Journal (argusjournal.com)
- Analysts See $0.68 EPS for Eversource Energy (ES) (footballhebdo.com)
- Barclays Keeps Rating And Lowers Price Target On Eversource Energy (D/B/A) (ES) (highlightpress.com)
- Eversource Energy (D/B/A) (ES) – Barclays Maintains Rating And Updates Price Target (highlightpress.com)
- The Eversource Energy (NYSE:ES) Shares Sold by OppenheimerFunds Inc (hoyentv.com)
Eversource Energy (NYSE:ES) opened at 60.50 on Tuesday. The stock has a market capitalization of $19.17 billion, a PE ratio of 20.10 and a beta of 0.29. The firm has a 50-day moving average of $61.66 and a 200 day moving average of $58.39. Eversource Energy has a one year low of $50.56 and a one year high of $63.34.
Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, May 4th. The utilities provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Eversource Energy had a net margin of 12.45% and a return on equity of 8.98%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. On average, equities research analysts anticipate that Eversource Energy will post $3.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, May 31st were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Friday, May 26th. Eversource Energy’s payout ratio is currently 63.12%.
Several analysts have issued reports on the stock. BidaskClub cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating on shares of Eversource Energy in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Wednesday, June 21st. Credit Suisse Group restated a “hold” rating and set a $59.00 price objective on shares of Eversource Energy in a research report on Tuesday, June 6th. Finally, Barclays PLC restated an “equal weight” rating and set a $66.00 price objective (up previously from $62.00) on shares of Eversource Energy in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $62.30.
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In related news, VP Werner J. Schweiger sold 36,736 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $62.00, for a total value of $2,277,632.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.53% 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.
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