Eversource Energy (NYSE:ES) Hits New 12-Month High – Here’s What Happened

Eversource Energy (NYSE:ES)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $75.28 and last traded at $75.2390, with a volume of 2335727 shares trading hands. The stock had previously closed at $74.87.

Analyst Upgrades and Downgrades

ES has been the subject of several recent research reports. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $71.00 to $78.00 in a research note on Tuesday, February 17th. JPMorgan Chase & Co. reduced their target price on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Scotiabank lowered their price target on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Finally, Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $73.90.

Eversource Energy Price Performance

The firm has a market cap of $28.25 billion, a P/E ratio of 16.46, a PEG ratio of 3.18 and a beta of 0.77. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The company’s 50-day moving average is $69.12 and its two-hundred day moving average is $68.79.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company earned $1.01 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be issued a $0.7875 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio (DPR) is 68.93%.

Insider Buying and Selling at Eversource Energy

In other news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares in the company, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the sale, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Eversource Energy

Hedge funds have recently made changes to their positions in the stock. Kera Capital Partners Inc. increased its position in Eversource Energy by 69.3% during the 4th quarter. Kera Capital Partners Inc. now owns 6,389 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 2,615 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of Eversource Energy during the fourth quarter worth $36,000. Kinloch Capital LLC increased its holdings in shares of Eversource Energy by 2.6% during the fourth quarter. Kinloch Capital LLC now owns 53,159 shares of the utilities provider’s stock worth $3,579,000 after buying an additional 1,347 shares in the last quarter. First Growth Capital LLC bought a new position in shares of Eversource Energy in the 4th quarter valued at $226,000. Finally, Corient Private Wealth LLC boosted its holdings in shares of Eversource Energy by 112.2% during the 4th quarter. Corient Private Wealth LLC now owns 129,597 shares of the utilities provider’s stock valued at $8,726,000 after acquiring an additional 68,517 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.