Eversource Energy (NYSE:ES) Price Target Lowered to $73.00 at BMO Capital Markets

Eversource Energy (NYSE:ES) had its price objective reduced by stock analysts at BMO Capital Markets from $75.00 to $73.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ target price points to a potential upside of 9.88% from the company’s previous close.

A number of other analysts have also weighed in on ES. Mizuho reduced their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Argus upgraded Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. UBS Group decreased their price objective on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.70.

Eversource Energy Stock Performance

ES stock opened at $66.44 on Monday. 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 fifty day simple moving average is $70.42 and its two-hundred day simple moving average is $69.97. Eversource Energy has a twelve month low of $60.62 and a twelve month high of $76.41. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 4.41 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 for the quarter, topping 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 business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts predict that Eversource Energy will post 4.65 earnings per share for the current year.

Insider Activity at Eversource Energy

In related news, insider John Y. Kim sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. This trade represents a 32.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,381 shares of company stock valued at $1,211,079 in the last three months. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Eversource Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lodestone Wealth Management LLC purchased a new position in shares of Eversource Energy in the 4th quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new position in shares of Eversource Energy in the 3rd quarter valued at approximately $26,000. Activest Wealth Management raised its position in shares of Eversource Energy by 2,337.5% in the 4th 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 last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eversource Energy in the 3rd quarter valued at approximately $27,000. Finally, TFC Financial Management Inc. raised its position in shares of Eversource Energy by 2,857.1% in the 4th 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 last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

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.