Barclays Issues Pessimistic Forecast for Eversource Energy (NYSE:ES) Stock Price

Eversource Energy (NYSE:ES) had its target price decreased by analysts at Barclays from $72.00 to $69.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective suggests a potential upside of 22.50% from the company’s previous close.

Several other equities research analysts also recently commented on ES. BMO Capital Markets reduced their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Scotiabank downgraded Eversource Energy from a “sector perform” rating to a “sector underperform” rating and lowered their price target for the company from $66.00 to $56.00 in a report on Thursday, December 12th. Mizuho increased their price objective on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Finally, Jefferies Financial Group started coverage on shares of Eversource Energy in a research report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $67.83.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $56.33 on Wednesday. The company has a market capitalization of $20.64 billion, a PE ratio of -35.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a fifty day moving average of $59.22 and a 200-day moving average of $62.91. Eversource Energy has a one year low of $52.71 and a one year high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. As a group, equities analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter valued at about $31,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy in the 3rd quarter worth approximately $32,000. UMB Bank n.a. lifted its holdings in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 350 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of Eversource Energy in the fourth quarter worth $41,000. Institutional investors own 79.99% of the company’s stock.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.