Wells Fargo & Company Boosts Eversource Energy (NYSE:ES) Price Target to $76.00

Eversource Energy (NYSE:ES) had its price target raised by Wells Fargo & Company from $75.00 to $76.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 5.24% from the company’s previous close.

A number of other research firms have also issued reports on ES. BMO Capital Markets reiterated a “market perform” rating on shares of Eversource Energy in a research note on Wednesday. UBS Group decreased their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Scotiabank lowered their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Finally, Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $71.91.

Eversource Energy Stock Down 0.1%

Shares of NYSE ES opened at $72.22 on Thursday. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The company has a market cap of $27.16 billion, a P/E ratio of 15.43, a P/E/G ratio of 4.78 and a beta of 0.70. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average price of $69.26 and a 200 day moving average price of $69.71.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.59 by $0.14. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

Insider Activity

In related news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president owned 56,179 shares in the company, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ES. Lodestone Wealth Management LLC purchased a new stake in Eversource Energy during the 4th quarter worth approximately $25,000. Activest Wealth Management boosted its stake in shares of Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after buying an additional 374 shares during the last quarter. TFC Financial Management Inc. boosted its stake in shares of Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after buying an additional 400 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Eversource Energy during the fourth quarter worth approximately $28,000. Finally, Key Capital Management INC acquired a new stake in shares of Eversource Energy during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

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.