Eversource Energy (ES) Gets a Buy from Goldman Sachs
Goldman Sachs analyst Carly Davenport reiterated a Buy rating on Eversource Energy today and set a price target of $77.00.
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Davenport covers the Utilities sector, focusing on stocks such as Duke Energy, Public Service Enterprise, and Eversource Energy. According to TipRanks, Davenport has an average return of 7.0% and a 71.88% success rate on recommended stocks.
In addition to Goldman Sachs, Eversource Energy also received a Buy from Bank of America Securities’s Ross Fowler in a report issued on April 2. However, on April 1, 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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