Eversource Energy (NYSE:ES) Receives $71.70 Average PT from Analysts

Shares of Eversource Energy (NYSE:ES) have been given an average rating of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $71.70.

A number of research analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Scotiabank cut their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. JPMorgan Chase & Co. raised their target price on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Finally, Mizuho dropped their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th.

Eversource Energy Stock Up 0.6%

Shares of ES stock opened at $69.98 on Thursday. The stock’s 50-day simple moving average is $68.80 and its 200-day simple moving average is $69.45. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market capitalization of $26.32 billion, a PE ratio of 14.95, a P/E/G ratio of 4.60 and a beta of 0.71. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be issued a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Insider Buying and Selling

In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of Eversource Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in Eversource Energy by 14.3% during the first quarter. Parallel Advisors LLC now owns 4,424 shares of the utilities provider’s stock worth $307,000 after acquiring an additional 554 shares during the period. NewEdge Advisors LLC grew its holdings in Eversource Energy by 4.4% during the first quarter. NewEdge Advisors LLC now owns 44,858 shares of the utilities provider’s stock worth $3,108,000 after acquiring an additional 1,891 shares during the period. Optiver Holding B.V. grew its holdings in Eversource Energy by 320.0% during the first quarter. Optiver Holding B.V. now owns 2,205 shares of the utilities provider’s stock worth $153,000 after acquiring an additional 1,680 shares during the period. Caerus Investment Advisors LLC acquired a new stake in Eversource Energy during the first quarter worth about $222,000. Finally, Summitry LLC acquired a new stake in Eversource Energy during the first quarter worth about $218,000. 79.99% of the stock is 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.