Eversource Energy (NYSE:ES) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $79.41 and last traded at $79.32, with a volume of 438940 shares trading hands. The stock had previously closed at $79.10.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating and set a $82.00 price target on the stock in a report on Monday, June 17th. Barclays raised their price target on Eversource Energy from $71.00 to $79.00 and gave the company an “equal weight” rating in a report on Tuesday, June 18th. KeyCorp assumed coverage on Eversource Energy in a report on Tuesday, June 4th. They set an “overweight” rating and a $80.00 price target on the stock. Morgan Stanley lowered their price target on Eversource Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Finally, Bank of America set a $78.00 target price on Eversource Energy and gave the stock a “sell” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $76.33.

The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 1.09. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 4.07 and a beta of 0.23. The stock has a 50-day moving average of $77.39 and a two-hundred day moving average of $73.44.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. Eversource Energy had a return on equity of 9.24% and a net margin of 10.00%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the company posted $0.76 EPS. Eversource Energy’s revenue for the quarter was up 1.7% on a year-over-year basis. Sell-side analysts expect that Eversource Energy will post 3.43 EPS for the current fiscal year.

In related news, VP Gregory B. Butler sold 8,298 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $77.30, for a total value of $641,435.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Luminus Management LLC acquired a new stake in Eversource Energy during the 2nd quarter worth about $29,630,000. Prudential PLC boosted its position in Eversource Energy by 2.1% during the 2nd quarter. Prudential PLC now owns 20,088 shares of the utilities provider’s stock worth $1,522,000 after acquiring an additional 422 shares during the period. Royal Bank of Canada boosted its position in Eversource Energy by 4.0% during the 2nd quarter. Royal Bank of Canada now owns 2,742,135 shares of the utilities provider’s stock worth $207,742,000 after acquiring an additional 106,535 shares during the period. Verition Fund Management LLC acquired a new stake in Eversource Energy during the 2nd quarter worth about $2,919,000. Finally, HM Payson & Co. acquired a new stake in Eversource Energy during the 2nd quarter worth about $396,000. Hedge funds and other institutional investors own 72.43% of the company’s stock.

Eversource Energy Company Profile (NYSE:ES)

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.

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