Media coverage about Eversource Energy (NYSE:ES) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eversource Energy earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.5741747164616 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
Shares of ES stock traded down $0.36 during trading hours on Friday, hitting $59.65. 1,769,333 shares of the company’s stock were exchanged, compared to its average volume of 2,083,149. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.63. The company has a market cap of $18,902.25, a price-to-earnings ratio of 19.18, a PEG ratio of 3.18 and a beta of 0.32. Eversource Energy has a fifty-two week low of $55.93 and a fifty-two week high of $66.15.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). Eversource Energy had a net margin of 12.74% and a return on equity of 9.03%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company posted $0.72 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. analysts anticipate that Eversource Energy will post 3.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 6th were paid a $0.505 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.48. This represents a $2.02 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Monday, March 5th. Eversource Energy’s dividend payout ratio is currently 64.95%.
A number of equities research analysts have recently weighed in on the company. Bank of America dropped their price target on Eversource Energy from $64.00 to $59.00 and set an “underperform” rating on the stock in a research note on Friday, February 2nd. UBS began coverage on Eversource Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $66.00 target price on the stock. Guggenheim reiterated a “buy” rating and issued a $64.00 target price on shares of Eversource Energy in a research report on Friday, February 2nd. Morgan Stanley upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and set a $72.00 target price on the stock in a research report on Wednesday, December 13th. Finally, Wells Fargo restated an “outperform” rating and issued a $65.00 price objective (down previously from $72.00) on shares of Eversource Energy in a research report on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Eversource Energy has a consensus rating of “Hold” and an average price target of $62.75.
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About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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