Eversource Energy (NYSE:ES) Stock Has Consensus Target Price of $72.92 According to Analysts

Eversource Energy (NYSE:ES) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $72.92.

Several brokerages have recently issued reports on ES. Weiss Ratings raised shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Mizuho raised their target price on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. BMO Capital Markets decreased their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Citigroup reiterated a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th.

Hedge Funds Weigh In On Eversource Energy

A number of institutional investors have recently bought and sold shares of ES. CX Institutional boosted its holdings in shares of Eversource Energy by 4.3% in the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock worth $254,000 after buying an additional 144 shares during the period. Bank & Trust Co raised its holdings in shares of Eversource Energy by 2.0% during the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after acquiring an additional 149 shares during the period. Root Financial Partners LLC raised its holdings in shares of Eversource Energy by 49.9% during the fourth quarter. Root Financial Partners LLC now owns 538 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 179 shares during the period. Continuum Advisory LLC lifted its position in shares of Eversource Energy by 3.6% in the 2nd quarter. Continuum Advisory LLC now owns 5,739 shares of the utilities provider’s stock valued at $415,000 after acquiring an additional 198 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its position in shares of Eversource Energy by 5.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 4,031 shares of the utilities provider’s stock valued at $291,000 after acquiring an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.6%

Shares of Eversource Energy stock opened at $64.30 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The firm has a market cap of $24.22 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.77 and a beta of 0.69. The business has a fifty day simple moving average of $70.32 and a 200-day simple moving average of $70.19. Eversource Energy has a fifty-two week low of $62.72 and a fifty-two week high of $76.57.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the company earned $0.96 earnings per share. Eversource Energy’s revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts forecast that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, September 21st. Eversource Energy’s dividend payout ratio is currently 81.61%.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource’s electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.