Eversource Energy (NYSE:ES) posted its quarterly earnings data on Thursday. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. During the same quarter last year, the firm posted $0.65 EPS. The company earned $1.77 billion during the quarter, compared to the consensus estimate of $1.81 billion. The company’s revenue was down 2.7% compared to the same quarter last year.
A number of research analysts have weighed in on ES shares. Janney Montgomery Scott lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, March 31st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Deutsche Bank AG reissued a “hold” rating and issued a $59.00 target price on shares of Eversource Energy in a research note on Tuesday, April 19th. Mizuho raised their target price on shares of Eversource Energy from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 3rd. Finally, Argus reissued a “buy” rating on shares of Eversource Energy in a research note on Thursday, May 12th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $59.30.
Eversource Energy (NYSE:ES) traded up 0.45% during mid-day trading on Thursday, hitting $57.97. 1,337,804 shares of the stock traded hands. The company has a market cap of $18.39 billion and a price-to-earnings ratio of 21.23. Eversource Energy has a 12 month low of $45.14 and a 12 month high of $60.44. The stock’s 50 day moving average is $58.05 and its 200-day moving average is $56.16.
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
