Eversource Energy (NYSE:ES) Receives Consensus Rating of “Hold” from Brokerages

Shares of Eversource Energy (NYSE:ES) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $73.90.

A number of research firms have recently issued reports on ES. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Monday, November 24th. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $73.00 to $85.00 in a research report on Tuesday, October 21st. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. UBS Group lowered their price objective on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $71.00 to $78.00 in a research report on Tuesday.

Institutional Trading of Eversource Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Eversource Energy during the 4th quarter valued at approximately $324,032,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Eversource Energy by 23,707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock valued at $313,067,000 after purchasing an additional 4,630,216 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of 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 worth $642,747,000 after purchasing an additional 3,645,555 shares during the period. Lazard Asset Management LLC increased its stake in shares of Eversource Energy by 43,905.7% in the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock worth $171,309,000 after purchasing an additional 2,686,588 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Eversource Energy by 78.1% during the 4th quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after purchasing an additional 2,341,912 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $73.00 on Friday. The firm’s 50-day moving average price is $68.68 and its 200-day moving average price is $68.58. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $75.25. The company has a market cap of $27.39 billion, a PE ratio of 15.97, a PEG ratio of 3.16 and a beta of 0.77. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The firm’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. As a group, analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. Eversource Energy’s dividend payout ratio (DPR) is currently 65.86%.

Eversource Energy Company Profile

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.