Eversource Energy (NYSE:ES) Hits New 1-Year Low – Should You Sell?

Eversource Energy (NYSE:ES)’s share price hit a new 52-week low during trading on Friday. The company traded as low as $63.19 and last traded at $63.5770, with a volume of 281088 shares traded. The stock had previously closed at $63.80.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ES shares. Citigroup reissued a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Weiss Ratings raised shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Mizuho lifted their target price on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. Finally, Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Four 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.92.

Eversource Energy Stock Down 0.4%

The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.88 and a beta of 0.69. The firm has a fifty day moving average price of $71.14 and a 200 day moving average price of $70.47.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, hitting analysts’ consensus estimates of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts expect that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, September 21st. Eversource Energy’s payout ratio is presently 81.61%.

Hedge Funds Weigh In On Eversource Energy

A number of hedge funds have recently bought and sold shares of ES. QRG Capital Management Inc. raised its holdings in shares of Eversource Energy by 16.0% during the second quarter. QRG Capital Management Inc. now owns 13,506 shares of the utilities provider’s stock worth $976,000 after acquiring an additional 1,866 shares in the last quarter. Core Capital Management & Research inc. acquired a new position in shares of Eversource Energy during the 2nd quarter worth $400,000. Sequoia Financial Advisors LLC raised its holdings in shares of Eversource Energy by 43.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 41,640 shares of the utilities provider’s stock valued at $3,009,000 after purchasing an additional 12,688 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Eversource Energy by 17.2% in the 2nd quarter. Tidal Investments LLC now owns 65,975 shares of the utilities provider’s stock valued at $4,768,000 after purchasing an additional 9,705 shares during the last quarter. Finally, National Pension Service increased its position in Eversource Energy by 4.1% during the second quarter. National Pension Service now owns 729,627 shares of the utilities provider’s stock worth $52,730,000 after buying an additional 28,620 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

About Eversource Energy

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.