Eversource Energy (NYSE:ES) Receives Average Recommendation of “Hold” from Brokerages

Eversource Energy (NYSE:ES) has earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $71.9091.

ES has been the subject of several recent analyst reports. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. UBS Group lowered their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. BMO Capital Markets reissued a “market perform” rating on shares of Eversource Energy in a research note on Wednesday, July 1st. Bank of America reissued a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th.

Eversource Energy Price Performance

NYSE:ES opened at $74.66 on Monday. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 4.94 and a beta of 0.70. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The stock has a fifty day moving average of $70.72 and a 200 day moving average of $70.30. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, research analysts expect that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

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

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the firm’s 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 sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Eversource Energy

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Eversource Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock valued at $3,198,996,000 after acquiring an additional 697,829 shares during the last quarter. State Street Corp boosted its stake in shares of Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock valued at $1,886,119,000 after purchasing an additional 1,265,802 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Eversource Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after purchasing an additional 194,781 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after purchasing an additional 3,645,555 shares during the last quarter. Finally, Morgan Stanley raised its position in Eversource Energy by 4.2% in the 4th quarter. Morgan Stanley now owns 5,879,604 shares of the utilities provider’s stock worth $395,874,000 after purchasing an additional 238,723 shares during the period. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Company Profile

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.