Eversource Energy (ES) Gets a Buy from Bank of America Securities
Bank of America Securities analyst Ross Fowler maintained a Buy rating on Eversource Energy yesterday. The company’s shares closed yesterday at $68.69.
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Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Evergy, and American Water. According to TipRanks, Fowler has an average return of 6.1% and a 61.50% success rate on recommended stocks.
In addition to Bank of America Securities, Eversource Energy also received a Buy from Goldman Sachs’s Carly Davenport in a report issued on June 2. However, on June 11, Argus Research downgraded Eversource Energy (NYSE: ES) to a Hold.
Based on Eversource Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.5 billion and a net profit of $606.84 million. In comparison, last year the company earned a revenue of $4.12 billion and had a net profit of $550.79 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Gregory Butler, the EVP & GC of ES sold 7,000.00 shares for a total of $489,160.00.
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- AMD upgraded, Adobe downgraded: Wall Street’s top analyst calls
- Eversource cut to Hold at Argus as FERC ruling lowers ROE
- Eversource downgraded to Hold from Buy at Argus
- Ross Fowler Reiterates Buy on Eversource Energy, Maintains $75 Price Target on Improving Regulatory and Financial Outlook
- Eversource price target lowered to $73 from $75 at BMO Capital
