Eversource Energy (NYSE:ES) Reaches New 1-Year Low – What’s Next?

Eversource Energy (NYSE:ES)’s share price reached a new 52-week low on Friday. The company traded as low as $63.19 and last traded at $63.5770, with a volume of 281088 shares traded. The stock had previously closed at $63.80.

Wall Street Analyst Weigh In

ES has been the subject of a number of research reports. BMO Capital Markets reduced 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. Wells Fargo & Company boosted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Mizuho upped their price target on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Capital One Financial set a $73.00 price objective on Eversource Energy in a report on Wednesday, July 1st. Finally, Citigroup restated a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.92.

Eversource Energy Trading Down 0.4%

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 company has a market capitalization of $23.93 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.69. The business has a fifty day moving average price of $71.14 and a 200 day moving average price of $70.47.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $2.90 billion for 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 company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts expect that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.7875 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.15 annualized dividend and a dividend yield of 5.0%. Eversource Energy’s payout ratio is 81.61%.

Institutional Investors Weigh In On Eversource Energy

Institutional investors and hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. increased its holdings in Eversource Energy by 16.0% in the second quarter. QRG Capital Management Inc. now owns 13,506 shares of the utilities provider’s stock valued at $976,000 after purchasing an additional 1,866 shares during the period. Core Capital Management & Research inc. acquired a new stake in shares of Eversource Energy in the second quarter valued at about $400,000. Sequoia Financial Advisors LLC increased its stake in shares of Eversource Energy by 43.8% in the second quarter. Sequoia Financial Advisors LLC now owns 41,640 shares of the utilities provider’s stock valued at $3,009,000 after buying an additional 12,688 shares during the period. Tidal Investments LLC raised its position in shares of Eversource Energy by 17.2% during the second quarter. Tidal Investments LLC now owns 65,975 shares of the utilities provider’s stock worth $4,768,000 after acquiring an additional 9,705 shares during the last quarter. Finally, National Pension Service raised its position in shares of Eversource Energy by 4.1% during the second quarter. National Pension Service now owns 729,627 shares of the utilities provider’s stock worth $52,730,000 after acquiring an additional 28,620 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

About Eversource Energy

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.