Eversource Energy (NYSE:ES) Price Target Raised to $74.00

Eversource Energy (NYSE:ES) had its target price boosted by Mizuho from $70.00 to $74.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Several other research analysts have also commented on the company. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Bank of America reaffirmed a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a research note on Wednesday, April 22nd. BMO Capital Markets dropped their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Trading Down 0.2%

Shares of ES stock opened at $72.52 on Monday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.59 and a current ratio of 0.80. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The company has a market capitalization of $27.27 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 5.36 and a beta of 0.70. The business’s fifty day moving average is $71.99 and its 200 day moving average is $70.84.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm’s revenue was up 2.3% on a year-over-year basis. 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. On average, equities research analysts anticipate that Eversource Energy will post 4.64 EPS for the current fiscal year.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Eversource Energy in the fourth quarter worth $1,158,000. F m Investments LLC bought a new stake in Eversource Energy in the 4th quarter valued at $4,854,000. Forsta AP Fonden increased its holdings in Eversource Energy by 118.5% in the 4th quarter. Forsta AP Fonden now owns 243,900 shares of the utilities provider’s stock valued at $16,422,000 after acquiring an additional 132,300 shares during the last quarter. John G Ullman & Associates Inc. lifted its stake in Eversource Energy by 19.6% in the 4th quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock worth $13,116,000 after purchasing an additional 31,875 shares in the last quarter. Finally, National Pension Service lifted its stake in Eversource Energy by 5.1% in the 4th quarter. National Pension Service now owns 573,073 shares of the utilities provider’s stock worth $38,585,000 after purchasing an additional 27,798 shares in the last quarter. 79.99% of the stock is currently owned by 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.