Eversource Energy (ES) Receives a Hold from Wells Fargo
Wells Fargo analyst Shahriar Pourreza maintained a Hold rating on Eversource Energy on December 29. The company’s shares closed yesterday at $67.20.
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Pourreza covers the Utilities sector, focusing on stocks such as Eversource Energy, OGE Energy, and PPL. According to TipRanks, Pourreza has an average return of 9.3% and a 67.71% success rate on recommended stocks.
In addition to Wells Fargo, Eversource Energy also received a Hold from UBS’s William Appicelli in a report issued on December 29. However, on December 24, Bank of America Securities reiterated a Buy rating on Eversource Energy (NYSE: ES).
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. Last month, Gregory Butler, the EVP & GC of ES sold 5,000.00 shares for a total of $365,400.00.
Read More on ES:
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- Eversource Energy: Discounted Valuation Offset by Regulatory and Execution Uncertainties Supporting a Neutral Hold Rating
- Eversource price target lowered to $73 from $78 at UBS
- Eversource price target lowered to $71 from $72 at JPMorgan
- Eversource Energy Elects W. Robert Mudge to Board
- Eversource price target raised to $75 from $72 at BofA
