Brokerages Set Eversource Energy (NYSE:ES) PT at $71.50

Shares of Eversource Energy (NYSE:ESGet Free Report) have been assigned a consensus recommendation of “Reduce” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $71.50.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company cut Eversource Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $79.00 to $63.00 in a report on Wednesday, November 19th. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $73.00 to $85.00 in a research note on Tuesday, October 21st. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. UBS Group cut their price objective on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, Janney Montgomery Scott raised 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.

Check Out Our Latest Analysis on Eversource Energy

Hedge Funds Weigh In On Eversource Energy

A number of institutional investors and hedge funds have recently bought and sold shares of ES. United Asset Strategies Inc. grew its holdings in Eversource Energy by 1.0% during the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after purchasing an additional 138 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Eversource Energy by 1.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after buying an additional 142 shares during the last quarter. Mystic Asset Management Inc. boosted its position in Eversource Energy by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after buying an additional 150 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Eversource Energy by 1.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after acquiring an additional 160 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Eversource Energy by 3.3% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,054 shares of the utilities provider’s stock worth $360,000 after acquiring an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy News Summary

Here are the key news stories impacting Eversource Energy this week:

Eversource Energy Price Performance

Eversource Energy stock opened at $73.37 on Friday. The stock has a market capitalization of $27.53 billion, a P/E ratio of 16.05, a P/E/G ratio of 3.16 and a beta of 0.77. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $75.25. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. The firm’s 50-day moving average is $68.45 and its two-hundred day moving average is $68.48.

Eversource Energy (NYSE:ESGet Free Report) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (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 11.27%. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The company’s quarterly revenue 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. Equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is currently 65.86%.

About Eversource Energy

(Get Free Report)

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.

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Analyst Recommendations for Eversource Energy (NYSE:ES)

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