There has been a flurry of activity surrounding Eversource Energy (ES) stock lately. While Beacon Pointe Advisors and Kingsview Wealth Management have significantly reduced their position, Principal Financial Group and the Teacher Retirement System of Texas also trimmed holdings. Despite underperformance compared to competitors on several days and return trends not finding favor, ES's Q1 2024 earnings outperformed analyst projections. However, ES's Q4 and Q2 earnings did not meet estimates, and there were some surprise losses. ES's Q1 earnings and revenues topped estimates, giving the stock a momentary boost. In spite of these inconsistencies, the company's Intrinsic Value remains potentially high. BMO Capital Markets raised their price target for ES to $66.00 despite the company's performance concerns. ES has also announced an agreement with Ørsted to sell Sunrise Wind, a move that could affect earnings. Investors are cautioned about investing in ES as the stock is heavily owned by institutions. Company insiders have also been cashing in their stakes.
Eversource Energy ES News Analytics from Thu, 10 Mar 2022 08:00:00 GMT to Thu, 23 May 2024 14:57:00 GMT - Rating -1 - Innovation 0 - Information 4 - Rumor -2
