J.P. Morgan Keeps Their Sell Rating on Eversource Energy (ES)
In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Sell rating on Eversource Energy, with a price target of $70.00. The company’s shares closed yesterday at $68.77.
Claim 30% 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
Tonet covers the Energy sector, focusing on stocks such as Plains GP Holdings, Pembina Pipeline, and Plains All American. According to TipRanks, Tonet has an average return of 9.3% and a 61.00% success rate on recommended stocks.
Eversource Energy has an analyst consensus of Hold, with a price target consensus of $71.30.
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:
