Eversource Energy (NYSE:ES) Price Target Cut to $68.00 by Analysts at JPMorgan Chase & Co.

Eversource Energy (NYSE:ES) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $73.00 to $68.00 in a report issued on Monday, Benzinga reports. The firm presently has an “underweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 5.55% from the company’s previous close.

Several other brokerages also recently commented on ES. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a research report on Wednesday, July 1st. BMO Capital Markets decreased their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Mizuho raised their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings raised Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Finally, Wells Fargo & Company upped their price target on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $72.00.

Eversource Energy Trading Down 3.6%

ES traded down $2.42 during trading on Monday, reaching $64.42. The company had a trading volume of 3,632,449 shares, compared to its average volume of 2,500,615. The firm’s 50-day simple moving average is $68.41 and its 200 day simple moving average is $69.86. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.91 and a beta of 0.67. Eversource Energy has a 12-month low of $62.72 and a 12-month high of $76.57.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current year.

Hedge Funds Weigh In On Eversource Energy

Several large investors have recently added to or reduced their stakes in ES. BlackRock Inc. acquired a new stake in Eversource Energy during the second quarter worth $3,086,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Eversource Energy by 1.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,620,413 shares of the utilities provider’s stock valued at $478,457,000 after buying an additional 88,163 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Eversource Energy during the 2nd quarter worth about $359,215,000. Deutsche Bank AG bought a new position in shares of Eversource Energy during the 2nd quarter worth about $311,548,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Eversource Energy during the 2nd quarter valued at about $272,105,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.