Scotiabank Keeps Their Sell Rating on Eversource Energy (ES)

Scotiabank analyst Andrew Weisel maintained a Sell rating on Eversource Energy today and set a price target of $63.00.

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Weisel covers the Utilities sector, focusing on stocks such as Vistra Energy, Centerpoint Energy, and Entergy. According to TipRanks, Weisel has an average return of 8.5% and a 71.24% success rate on recommended stocks.

Eversource Energy has an analyst consensus of Hold, with a price target consensus of $70.83.

Based on Eversource Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.22 billion and a net profit of $367.55 million. In comparison, last year the company earned a revenue of $3.06 billion and had a GAAP net loss of $118.06 million

Based on the recent corporate insider activity of 43 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. Earlier this month, Gregory Butler, the EVP & GC of ES sold 5,000.00 shares for a total of $365,400.00.