Eversource Energy’s (ES) Hold Rating Reiterated at Citigroup

Citigroup reissued their hold rating on shares of Eversource Energy (NYSE:ES) in a report published on Monday morning, Marketbeat.com reports. The brokerage currently has a $81.00 price objective on the utilities provider’s stock.

Other equities analysts also recently issued reports about the company. Scotiabank reduced their price target on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, April 21st. Bank of America reissued a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, BMO Capital Markets decreased their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $72.58.

Eversource Energy Stock Down 0.8%

Shares of Eversource Energy stock opened at $74.80 on Monday. The firm’s 50 day moving average price is $71.71 and its 200-day moving average price is $70.71. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The company has a market cap of $28.13 billion, a P/E ratio of 15.98, a PEG ratio of 5.56 and a beta of 0.70.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the business posted $1.50 EPS. Eversource Energy’s revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts predict that Eversource Energy will post 4.64 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s dividend payout ratio is 67.31%.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Eversource Energy

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in shares of Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after buying an additional 1,319 shares during the period. Woodline Partners LP grew its holdings in Eversource Energy by 40.8% during the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after acquiring an additional 8,984 shares during the period. Acadian Asset Management LLC grew its holdings in Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 801 shares during the period. Schnieders Capital Management LLC. raised its position in Eversource Energy by 87.9% during the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after acquiring an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Eversource Energy by 4.6% during the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 349 shares in 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.