Eversource Energy (NYSE:ES) : Zacks Investment Research ranks Eversource Energy (NYSE:ES) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.55, which indicates as a Hold.
Eversource Energy (NYSE:ES) stock is expected to deviate a maximum of $1.75 from the average target price of $57.75 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $59 and the most muted being $55.
Company shares have received an average consensus rating of Hold for the current week
Eversource Energy (NYSE:ES): On Tuesdays trading session , Opening price of the stock was $58.57 with an intraday high of $58.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.54. However, the stock managed to close at $58.33, a loss of 0.44% for the day. On the previous day, the stock had closed at $58.59. The total traded volume of the day was 1,643,802 shares.
In an insider trading activity, 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, 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.