Eversource Energy (NYSE:ES) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Eversource Energy (NYSE:ES) from an equal weight rating to an overweight rating in a report issued on Tuesday, Marketbeat Ratings reports. Wells Fargo & Company currently has $78.00 price objective on the utilities provider’s stock, up from their prior price objective of $71.00.

Several other equities research analysts have also recently commented on the company. Scotiabank lowered their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. JPMorgan Chase & Co. dropped their price target on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. BMO Capital Markets reduced their price objective on shares of Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a research note on Thursday, November 6th. Finally, UBS Group lowered their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $73.90.

Eversource Energy Stock Up 2.7%

ES stock opened at $73.66 on Tuesday. The company has a 50 day moving average of $68.89 and a two-hundred day moving average of $68.64. The company has a market cap of $27.66 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 3.08 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 quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $1.01 earnings per share. Eversource Energy’s revenue for the quarter 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. On average, equities analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal 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. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is currently 65.86%.

Hedge Funds Weigh In On Eversource Energy

Several large investors have recently bought and sold shares of ES. Lodestone Wealth Management LLC bought a new position in shares of Eversource Energy during the 4th quarter worth about $25,000. Neo Ivy Capital Management bought a new position in Eversource Energy during the second quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in Eversource Energy in the 3rd quarter valued at approximately $26,000. Activest Wealth Management raised its holdings in Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 374 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $27,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

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.