Eversource Energy (NYSE:ES) EVP Leon J. Olivier sold 7,000 shares of Eversource Energy stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $72.95, for a total transaction of $510,650.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NYSE ES traded up $0.41 during trading on Thursday, reaching $73.00. The company’s stock had a trading volume of 514,378 shares, compared to its average volume of 1,709,595. The company has a quick ratio of 0.44, a current ratio of 0.50 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $23.16 billion, a P/E ratio of 22.26, a P/E/G ratio of 3.82 and a beta of 0.31. Eversource Energy has a 12 month low of $52.76 and a 12 month high of $73.27.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.06. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. Eversource Energy had a net margin of 12.50% and a return on equity of 9.43%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. Equities analysts expect that Eversource Energy will post 3.45 EPS for the current year.
ES has been the subject of several research analyst reports. Williams Capital reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday, March 18th. Goldman Sachs Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 30th. Credit Suisse Group set a $76.00 price objective on shares of Eversource Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Morgan Stanley boosted their price objective on shares of Eversource Energy from $69.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.90.
Several large investors have recently modified their holdings of the company. Bremer Trust National Association acquired a new position in Eversource Energy during the 4th quarter worth approximately $26,000. Covington Capital Management acquired a new position in Eversource Energy during the 4th quarter worth approximately $26,000. Bremer Bank National Association acquired a new position in Eversource Energy during the 1st quarter worth approximately $28,000. Certified Advisory Corp increased its position in Eversource Energy by 114.8% during the 4th quarter. Certified Advisory Corp now owns 421 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 225 shares in the last quarter. Finally, Capital Financial Planning LLC acquired a new position in Eversource Energy during the 4th quarter worth approximately $27,000. Institutional investors own 74.36% of the company’s stock.
About Eversource Energy
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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