Eversource Energy (ES) Gets a Buy from Wells Fargo
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Eversource Energy today and set a price target of $78.00.
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Pourreza covers the Utilities sector, focusing on stocks such as Vistra Corp, Talen Energy Corp, and Eversource Energy. According to TipRanks, Pourreza has an average return of 9.6% and a 71.22% success rate on recommended stocks.
In addition to Wells Fargo, Eversource Energy also received a Buy from TipRanks – Google’s Google Regulated Electric in a report issued on February 27. However, on the same day, TipRanks – OpenAI reiterated 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. Earlier this 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:
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- Eversource issues statement on final decision to approve Aquarion Sale
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 1
- Eversource Energy Issues $1.5 Billion Subordinated Notes
- Eversource price target raised to $77 from $74 at TD Cowen
- Eversource price target raised to $79 from $75 at BMO Capital
