Eversource Energy (NYSE:ES) Receives Average Recommendation of “Hold” from Brokerages

Eversource Energy (NYSE:ES) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $72.9167.

A number of analysts have recently issued reports on ES shares. BMO Capital Markets lowered their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Mizuho raised their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Citigroup reissued a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. Finally, Weiss Ratings raised shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st.

Institutional Trading of Eversource Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in Eversource Energy by 6,017.5% during the second quarter. California State Teachers Retirement System now owns 61,782,250 shares of the utilities provider’s stock valued at $4,465,003,000 after purchasing an additional 60,772,317 shares in the last quarter. BlackRock Inc. acquired a new stake in Eversource Energy in the 2nd quarter valued at $3,086,413,000. State Street Corp boosted its stake in Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock valued at $1,886,119,000 after buying an additional 1,265,802 shares in the last quarter. Geode Capital Management LLC grew its position in Eversource Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after acquiring an additional 194,781 shares during the period. Finally, Victory Capital Management Inc. grew its position in Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after acquiring an additional 3,645,555 shares during the period. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Down 0.1%

NYSE ES opened at $71.00 on Tuesday. Eversource Energy has a twelve month low of $62.45 and a twelve month high of $76.57. The stock has a market cap of $26.74 billion, a PE ratio of 18.39, a PEG ratio of 3.08 and a beta of 0.69. The firm has a 50-day simple moving average of $72.74 and a 200 day simple moving average of $71.08. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts forecast that Eversource Energy will post 4.65 EPS for the current year.

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.