Eversource Energy (ES) PT Raised to $63.00 at Morgan Stanley

Eversource Energy (NYSE:ES) had its price objective raised by research analysts at Morgan Stanley from $60.00 to $63.00 in a note issued to investors on Monday. The firm currently has a “hold” rating on the utilities provider’s stock. Morgan Stanley’s target price points to a potential upside of 4.58% from the stock’s previous close.

ES has been the subject of several other reports. Zacks Investment Research upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Credit Suisse Group set a $59.00 price target on Eversource Energy and gave the stock a “hold” rating in a research report on Thursday, March 29th. UBS upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Monday, April 2nd. Guggenheim reiterated a “buy” rating and set a $59.00 price target on shares of Eversource Energy in a research report on Friday, February 23rd. Finally, Williams Capital reiterated a “buy” rating and set a $63.00 price target (down from $65.00) on shares of Eversource Energy in a research report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $62.96.

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Shares of ES opened at $60.24 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.63. Eversource Energy has a one year low of $55.93 and a one year high of $66.15. The company has a market cap of $18,705.77, a P/E ratio of 19.37, a PEG ratio of 3.15 and a beta of 0.31.



Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). Eversource Energy had a return on equity of 9.03% and a net margin of 12.74%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities analysts predict that Eversource Energy will post 3.26 EPS for the current year.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Eversource Energy by 2.4% in the 4th quarter. BlackRock Inc. now owns 25,200,721 shares of the utilities provider’s stock valued at $1,592,179,000 after buying an additional 589,876 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Eversource Energy by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 6,823,570 shares of the utilities provider’s stock valued at $431,113,000 after buying an additional 283,943 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Eversource Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 3,625,817 shares of the utilities provider’s stock worth $228,627,000 after purchasing an additional 118,626 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Eversource Energy by 42.0% during the 4th quarter. Renaissance Technologies LLC now owns 3,142,300 shares of the utilities provider’s stock worth $198,531,000 after purchasing an additional 929,500 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Eversource Energy by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 2,441,691 shares of the utilities provider’s stock worth $154,265,000 after purchasing an additional 51,529 shares during the period. Institutional investors own 73.77% of the company’s stock.

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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.

Analyst Recommendations for Eversource Energy (NYSE:ES)

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