Eversource Energy (NYSE:ES) – Stock analysts at Williams Capital issued their FY2019 earnings per share (EPS) estimates for Eversource Energy in a report issued on Monday. Williams Capital analyst C. Ellinghaus forecasts that the utilities provider will post earnings of $3.56 per share for the year.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Eversource Energy from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, June 21st. Janney Montgomery Scott set a $71.00 price objective on Eversource Energy and gave the company a “buy” rating in a research report on Monday, July 31st. Barclays PLC reaffirmed 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. Morgan Stanley upped their price objective on Eversource Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG downgraded Eversource Energy from a “buy” rating to a “hold” rating and upped their price objective for the company from $61.00 to $61.50 in a research report on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $62.95.
Shares of Eversource Energy (NYSE:ES) traded up 1.06% on Wednesday, hitting $63.12. 691,679 shares of the stock traded hands. Eversource Energy has a 52-week low of $50.56 and a 52-week high of $63.34. The firm has a 50 day moving average price of $61.02 and a 200 day moving average price of $59.83. The firm has a market cap of $20.00 billion, a PE ratio of 20.43 and a beta of 0.28.
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 the consensus estimate of $0.68 by $0.04. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue was down .2% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the stock. Brookfield Asset Management Inc. acquired a new stake in shares of Eversource Energy during the first quarter valued at approximately $106,000. Advisory Services Network LLC acquired a new stake in shares of Eversource Energy during the first quarter valued at approximately $112,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Eversource Energy by 24.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,005 shares of the utilities provider’s stock valued at $119,000 after buying an additional 400 shares during the last quarter. Sun Life Financial INC raised its stake in shares of Eversource Energy by 23,040.0% in the second quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock valued at $140,000 after buying an additional 2,304 shares during the last quarter. Finally, NEXT Financial Group Inc raised its stake in shares of Eversource Energy by 168.9% in the second quarter. NEXT Financial Group Inc now owns 2,420 shares of the utilities provider’s stock valued at $147,000 after buying an additional 1,520 shares during the last quarter. 71.31% of the stock is currently owned by institutional investors.
In other news, VP Werner J. Schweiger sold 36,736 shares of the stock in a transaction dated Wednesday, May 31st. The stock was 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 SEC, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.
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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