In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Eversource Energy (NYSE: ES), with a price target of $67. The company’s shares closed yesterday at $63.30.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.
Eversource Energy has an analyst consensus of Moderate Buy, with a price target consensus of $64.
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Based on Eversource Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $243 million. In comparison, last year the company had a net profit of $231 million.
Based on the recent corporate insider activity of 43 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.
