Eversource Energy (NYSE:ES) had its price target upped by investment analysts at Morgan Stanley from $74.00 to $78.00 in a report released on Friday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 1.73% from the stock’s previous close.
A number of other research analysts also recently issued reports on ES. Zacks Investment Research downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. UBS Group lifted their price target on shares of Eversource Energy from $81.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. KeyCorp started coverage on shares of Eversource Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $80.00 price objective for the company. Williams Capital restated a “buy” rating on shares of Eversource Energy in a research report on Monday, March 18th. Finally, Bank of America downgraded shares of Eversource Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price objective for the company. in a research report on Monday, February 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $72.58.
Eversource Energy stock opened at $76.67 on Friday. Eversource Energy has a 12-month low of $53.40 and a 12-month high of $77.73. The stock has a market cap of $24.28 billion, a P/E ratio of 23.38, a PEG ratio of 3.96 and a beta of 0.26. The company has a quick ratio of 0.44, a current ratio of 0.50 and a debt-to-equity ratio of 1.06.
In other Eversource Energy news, EVP Leon J. Olivier sold 7,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $72.95, for a total value of $510,650.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of ES. Centersquare Investment Management LLC grew its position in Eversource Energy by 368,643.4% in the first quarter. Centersquare Investment Management LLC now owns 3,576,811 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 3,575,841 shares in the last quarter. Norges Bank purchased a new position in shares of Eversource Energy during the 4th quarter valued at approximately $166,695,000. Commonwealth Bank of Australia boosted its stake in shares of Eversource Energy by 6,196.5% during the 4th quarter. Commonwealth Bank of Australia now owns 2,325,159 shares of the utilities provider’s stock valued at $151,213,000 after buying an additional 2,288,231 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Eversource Energy by 6,323.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,217,214 shares of the utilities provider’s stock valued at $34,000 after buying an additional 2,182,698 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Eversource Energy by 94.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,559,184 shares of the utilities provider’s stock valued at $181,574,000 after buying an additional 1,243,788 shares during the last quarter. 73.75% of the stock is owned by institutional investors.
Eversource Energy Company Profile
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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