Bank of America Securities Sticks to Its Buy Rating for Eversource Energy (ES)
In a report released yesterday, Ross Fowler from Bank of America Securities maintained a Buy rating on Eversource Energy, with a price target of $73.00.
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According to TipRanks, Fowler is a 5-star analyst with an average return of 7.6% and a 67.76% success rate. Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Vistra Corp, and Black Hills.
In addition to Bank of America Securities, Eversource Energy also received a Buy from Goldman Sachs’s Carly Davenport in a report issued on April 1. However, on the same day, Mizuho Securities maintained a Hold rating on Eversource Energy (NYSE: ES).
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.
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