Barclays Remains a Hold on Eversource Energy (ES)


In a report issued on November 16, Eric Beaumont from Barclays maintained a Hold rating on Eversource Energy (ES), with a price target of $66. The company’s shares closed on Friday at $67.04, close to its 52-week high of $67.05.

According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -2.2% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Centerpoint Energy, and Dominion Resources.

Eversource Energy has an analyst consensus of Hold, with a price target consensus of $64, representing a -4.5% downside. In a report issued on November 5, Merrill Lynch also maintained a Hold rating on the stock with a $61 price target.

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The company has a one-year high of $67.05 and a one-year low of $52.76. Currently, Eversource Energy has an average volume of 1.35M.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.

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Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.

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