Eversource Energy (NYSE:ES) Receives $71.90 Average PT from Brokerages

Shares of Eversource Energy (NYSE:ES) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $71.90.

A number of research firms recently commented on ES. Argus raised shares of Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. UBS Group dropped their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Finally, BMO Capital Markets dropped their price target on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, March 23rd.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider John Y. Kim sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the sale, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. The trade was a 32.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,381 shares of company stock valued at $1,211,079 in the last three months. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Eversource Energy

Several large investors have recently added to or reduced their stakes in ES. Lodestone Wealth Management LLC purchased a new stake in shares of Eversource Energy in the 4th quarter worth approximately $25,000. Root Financial Partners LLC purchased a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $26,000. Activest Wealth Management lifted its position in shares of Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 374 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $27,000. Finally, TFC Financial Management Inc. lifted its position in shares of Eversource Energy by 2,857.1% in the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $70.02 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. The company has a market cap of $26.32 billion, a P/E ratio of 15.32, a P/E/G ratio of 3.74 and a beta of 0.76. The firm’s fifty day moving average is $71.17 and its two-hundred day moving average is $70.30. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the company posted $1.01 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th were given a $0.7875 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.15 annualized dividend and a yield of 4.5%. Eversource Energy’s dividend payout ratio is presently 68.93%.

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.