Analyst Price Target Update on Eversource Energy (NYSE:ES)

Eversource Energy (NYSE:ES): The mean estimate for the short term price target for Eversource Energy (NYSE:ES) stands at $57.63 according to 8 Analysts. The higher price target estimate for the stock has been calculated at $59 while the lower price target estimate is at $55.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Janney Capital downgrades its outlook on Eversource Energy (NYSE:ES). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on March 31, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Schweiger Werner J, officer (Executive VP and COO) of Eversource Energy, had unloaded 10,000 shares at an average price of $57 in a transaction dated on March 8, 2016. The total value of the transaction was worth $570,000.

Eversource Energy (NYSE:ES) : On Monday heightened volatility was witnessed in Eversource Energy (NYSE:ES) which led to swings in the share price. The stock opened for trading at $56.86 and hit $57.18 on the upside , eventually ending the session at $56.92, with a gain of 0.42% or 0.24 points. The heightened volatility saw the trading volume jump to 1,423,941 shares. The 52-week high of the share price is $59.09 and the company has a market cap of $18,055 million. The 52-week low of the share price is at $44.64 .

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 Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.

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