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

Shares of Eversource Energy (NYSE:ES) have received a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $71.70.

A number of research firms have issued reports on ES. Wells Fargo & Company lifted their target price on Eversource Energy from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Scotiabank cut their price target on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. UBS Group cut their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a research note on Monday, April 27th. Finally, Mizuho reduced their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th.

Institutional Trading of Eversource Energy

A number of institutional investors and hedge funds have recently bought and sold shares of ES. Lodestone Wealth Management LLC acquired a new stake in Eversource Energy in the fourth quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in Eversource Energy in the third quarter valued at $26,000. Activest Wealth Management increased its holdings in Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 374 shares during the period. TFC Financial Management Inc. increased its holdings in Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 400 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new stake in Eversource Energy in the fourth quarter valued at approximately $28,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

Eversource Energy stock opened at $69.10 on Friday. Eversource Energy has a 12-month low of $61.53 and a 12-month high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The business’s 50-day moving average price is $68.79 and its two-hundred day moving average price is $69.45. The stock has a market cap of $25.99 billion, a PE ratio of 14.76, a P/E/G ratio of 4.61 and a beta of 0.74.

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

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s payout ratio is presently 67.31%.

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.