In yesterday’s Wall Street session, Eversource Energy (NYSE:ES) shares traded at $70.92, up 1.72% from the previous session.
17 analysts cover Eversource Energy (NYSE:ES), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $104.00 and a low of $71.00, we find $84.00. Given the previous closing price of $69.72, this indicates a potential upside of 20.48 percent. ES stock price is now -3.46% away from the 50-day moving average and -9.35% away from the 200-day moving average. The market capitalization of the company currently stands at $24.69B.
The stock has received a hold rating from 7 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $85.38 as their price target over the next twelve months.
With the price target maintained at $91, Scotiabank recently Upgraded its rating from Sector Perform to Sector Outperform for Eversource Energy (NYSE: ES).
In other news, FORRY LINDA DORCENA, Trustee sold 1,554 shares of the company’s stock on Mar 03. The stock was sold for $116,594 at an average price of $75.03. Upon completion of the transaction, the Trustee now directly owns 8,252 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, Trustee Williams Frederica M sold 1,943 shares of the business’s stock. A total of $153,167 was realized by selling the stock at an average price of $78.83. This leaves the insider owning 20,763 shares of the company worth $1.47 million. Insiders disposed of 41,100 shares of company stock worth roughly $2.91 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ES stock. A new stake in Eversource Energy shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $1,307,333,000. EMPOWER ADVISORY GROUP, LLC invested $57,317,000 in shares of ES during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Eversource Energy valued at approximately $24,455,000. TWINBEECH CAPITAL LP acquired a new stake in ES for approximately $12,833,000. JUPITER ASSET MANAGEMENT LTD purchased a new stake in ES valued at around $12,118,000 in the second quarter. In total, there are 1,223 active investors with 82.00% ownership of the company’s stock.
On Friday morning Eversource Energy (NYSE: ES) stock kicked off with the opening price of $69.76. During the past 12 months, Eversource Energy has had a low of $67.79 and a high of $94.41. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 0.60, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $48.09B, which is based on a 17.01 price-to-earnings ratio, a 2.54 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for ES is $73.30 and a two-hundred day moving average price translates $78.14 for the stock.
The latest earnings results from Eversource Energy (NYSE: ES) was released for Mar, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $1.41, beating analysts’ expectations of $1.34 by 0.07. This compares to $1.28 EPS in the same period last year. The net profit margin was 11.50% and return on equity was 9.40% for ES. The company reported revenue of $3.8 billion for the quarter, compared to $3.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.34 percent. For the current quarter, analysts expect ES to generate $2.8B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 05/18/2023 were paid a $0.675 dividend. On an annualized basis, this represents a $2.70 dividend and a 3.81% percent yield. There was an ex-dividend date of 05/17/2023 for this dividend. In terms of dividend payout ratio, ES is presently at 62.00%.
Eversource Energy(ES) Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 237,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.
