The current market sentiment towards Eversource Energy (NYSE:ES) appears to be mixed. There are significant outflows with US Bancorp DE selling 5194 shares and Franklin Resources Inc. unloading 232,599 shares. Negative performance is also reflected with the stock underperforming compared to its competitors multiple times over the recent period. Additionally, the stock has witnessed a decline of 5.3% this week, disappointing investors who have incurred losses over the past three years. The company also reported Q4 earnings and revenues that failed to meet estimates and insiders have recently sold US$1.1m of stock, hinting at potential caution.
However, an optimistic outlook for the company's future propels the company, such as being named one of America's climate leaders for 2024. Recent analyst forecasts have given Eversource Energy a $66.07 average price target, and some inducing a new increased price target of $70.00 at Morgan Stanley. Other positive highlights include a boost in the stock position by Hsbc Holdings PLC and a significant stake held by UBS Group AG. The company's intrinsic value is also identified to be potentially above its share price, up to 57%.
Eversource Energy ES News Analytics from Tue, 10 May 2022 07:00:00 GMT to Thu, 30 May 2024 17:21:38 GMT - Rating -4 - Innovation -2 - Information 5 - Rumor 0
