Eversource Energy (NYSE:ES) had its price target raised by stock analysts at Wells Fargo & Co from $67.00 to $71.00 in a note issued to investors on Monday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the utilities provider’s stock. Wells Fargo & Co’s target price would suggest a potential upside of 11.34% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Bank of America raised shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $59.00 price objective for the company in a report on Friday, August 3rd. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating in a report on Friday, June 22nd. Morgan Stanley increased their price objective on shares of Eversource Energy from $63.00 to $67.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Finally, Credit Suisse Group cut their price objective on shares of Eversource Energy from $61.00 to $58.00 and set an “underperform” rating for the company in a report on Thursday, May 24th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Eversource Energy currently has a consensus rating of “Buy” and an average price target of $63.30.

Eversource Energy stock opened at $63.77 on Monday. The company has a market capitalization of $20.13 billion, a P/E ratio of 20.50, a PEG ratio of 3.29 and a beta of 0.23. Eversource Energy has a 12-month low of $52.76 and a 12-month high of $66.15. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 1.07.

Eversource Energy (NYSE:ES) last released its earnings results on Tuesday, July 31st. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Eversource Energy had a net margin of 12.59% and a return on equity of 9.07%. analysts forecast that Eversource Energy will post 3.25 EPS for the current year.

In other news, EVP Leon J. Olivier sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $62.03, for a total transaction of $3,101,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Eversource Energy by 2.6% during the 2nd quarter. BlackRock Inc. now owns 26,905,620 shares of the utilities provider’s stock valued at $1,576,935,000 after acquiring an additional 673,138 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Eversource Energy by 14.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,651,624 shares of the utilities provider’s stock valued at $858,731,000 after acquiring an additional 1,803,735 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of Eversource Energy during the 2nd quarter valued at approximately $268,926,000. American Century Companies Inc. boosted its position in shares of Eversource Energy by 5.8% during the 2nd quarter. American Century Companies Inc. now owns 3,344,553 shares of the utilities provider’s stock valued at $196,024,000 after acquiring an additional 184,224 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Eversource Energy by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 3,089,588 shares of the utilities provider’s stock valued at $181,037,000 after acquiring an additional 113,992 shares during the last quarter. Hedge funds and other institutional investors own 73.35% 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 three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Analyst Recommendations for Eversource Energy (NYSE:ES)

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