Eversource Energy (NYSE:ES) had its price target increased by equities research analysts at UBS Group from $81.00 to $85.00 in a note issued to investors on Friday, June 7th, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price would suggest a potential upside of 12.34% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Eversource Energy from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. KeyCorp started coverage on Eversource Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $80.00 target price on the stock. Credit Suisse Group set a $76.00 target price on Eversource Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Guggenheim downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Finally, Scotiabank reissued a “sell” rating and issued a $63.00 target price on shares of Eversource Energy in a report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $74.17.
ES stock traded down $0.10 during midday trading on Friday, reaching $75.66. 1,683,683 shares of the company were exchanged, compared to its average volume of 1,724,609. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.50 and a quick ratio of 0.44. The stock’s 50-day simple moving average is $75.26. Eversource Energy has a one year low of $57.49 and a one year high of $77.87. The firm has a market capitalization of $23.84 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 3.91 and a beta of 0.26.
In related news, EVP Leon J. Olivier sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $72.95, for a total transaction of $510,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.37% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Cox Capital Mgt LLC boosted its stake in shares of Eversource Energy by 2.5% in the second quarter. Cox Capital Mgt LLC now owns 9,864 shares of the utilities provider’s stock worth $747,000 after acquiring an additional 242 shares during the period. Neville Rodie & Shaw Inc. raised its holdings in shares of Eversource Energy by 1.0% in the second quarter. Neville Rodie & Shaw Inc. now owns 61,736 shares of the utilities provider’s stock worth $4,677,000 after buying an additional 632 shares during the period. WealthPLAN Partners LLC raised its holdings in shares of Eversource Energy by 5.1% in the first quarter. WealthPLAN Partners LLC now owns 7,686 shares of the utilities provider’s stock worth $558,000 after buying an additional 370 shares during the period. Laurel Wealth Advisors Inc. purchased a new stake in shares of Eversource Energy in the first quarter worth approximately $204,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Eversource Energy in the first quarter worth approximately $209,000. Institutional investors and hedge funds own 73.73% of the company’s stock.
Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
Featured Story: How can you know how many shares are floating?
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.