Eversource Energy (NYSE:ES) Stock Has Consensus Target Price of $72.92

Shares of Eversource Energy (NYSE:ES) have earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $72.92.

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

Hedge Funds Weigh In On Eversource Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CX Institutional increased its stake in Eversource Energy by 16.5% in the third quarter. CX Institutional now owns 4,092 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 579 shares during the last quarter. GoalVest Advisory LLC increased its stake in Eversource Energy by 12.0% in the third quarter. GoalVest Advisory LLC now owns 1,509 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 162 shares during the period. Stonebridge Financial Group LLC grew its holdings in shares of Eversource Energy by 4.6% during the third quarter. Stonebridge Financial Group LLC now owns 29,680 shares of the utilities provider’s stock worth $1,904,000 after buying an additional 1,316 shares during the last quarter. QRG Capital Management Inc. increased its position in Eversource Energy by 16.0% in the 2nd quarter. QRG Capital Management Inc. now owns 13,506 shares of the utilities provider’s stock valued at $976,000 after acquiring an additional 1,866 shares during the period. Finally, Core Capital Management & Research inc. acquired a new position in Eversource Energy in the 2nd quarter valued at about $400,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

NYSE:ES opened at $64.44 on Friday. Eversource Energy has a fifty-two week low of $62.72 and a fifty-two week high of $76.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The company has a 50 day moving average price of $69.90 and a 200 day moving average price of $70.09. The stock has a market capitalization of $24.27 billion, a P/E ratio of 16.70, a PEG ratio of 2.79 and a beta of 0.67.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm’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. Equities research analysts forecast that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, September 21st. Eversource Energy’s dividend payout ratio is presently 81.61%.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource’s electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.