Goldman Sachs Reaffirms Their Buy Rating on Eversource Energy (ES)
In a report released yesterday, Carly Davenport from Goldman Sachs maintained a Buy rating on Eversource Energy, with a price target of $76.00. The company’s shares closed yesterday at $69.65.
End of Quarter Sale - 50% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Davenport is a 4-star analyst with an average return of 7.2% and a 72.41% success rate. Davenport covers the Utilities sector, focusing on stocks such as NextEra Energy, Duke Energy, and Eversource Energy.
In addition to Goldman Sachs, Eversource Energy also received a Buy from Wells Fargo’s Shahriar Pourreza in a report issued yesterday. However, on the same day, TipRanks – Google downgraded Eversource Energy (NYSE: ES) to a Hold.
Based on Eversource Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.37 billion and a net profit of $421.31 million. In comparison, last year the company earned a revenue of $2.97 billion and had a net profit of $72.52 million
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ES in relation to earlier this year. Last month, Penelope M Conner, the EVP-Cust Exp & Energy Strategy of ES sold 1,400.00 shares for a total of $105,000.00.
Read More on ES:
