Eversource Energy (ES) – What Are Investment Firms Thinking About This Stock?

Shares of Eversource Energy (NYSE:ES) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $72.91.

ES has been the topic of a number of analyst reports. Citigroup reaffirmed a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th. Mizuho raised their target price 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. JPMorgan Chase & Co. lowered their price target on shares of Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a report on Monday, October 19th. HSBC started coverage on shares of Eversource Energy in a report on Thursday. They set a “hold” rating and a $70.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Eversource Energy during the second quarter valued at about $3,086,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Eversource Energy by 1.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,620,413 shares of the utilities provider’s stock valued at $478,457,000 after acquiring an additional 88,163 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Eversource Energy in the second quarter worth about $359,215,000. Deutsche Bank AG bought a new position in shares of Eversource Energy in the second quarter worth about $311,548,000. Finally, Hsbc Holdings PLC bought a new position in shares of Eversource Energy in the second quarter worth about $272,105,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.0%

NYSE:ES opened at $67.47 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The firm has a market capitalization of $25.42 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67. Eversource Energy has a one year low of $62.72 and a one year high of $76.57. The business has a fifty day moving average price of $67.86 and a 200-day moving average price of $69.74.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. Eversource Energy’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts forecast that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, September 21st. Eversource Energy’s dividend payout ratio (DPR) is presently 81.61%.

About Eversource Energy

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.