Brokerages Set Eversource Energy (NYSE:ES) Target Price at $72.92

Eversource Energy (NYSE:ES) has received a consensus rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $72.9167.

A number of analysts recently issued reports on ES shares. BMO Capital Markets lowered their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Citigroup reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Mizuho raised 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.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its position in Eversource Energy by 8.9% during the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after acquiring an additional 1,319 shares during the period. Woodline Partners LP grew its position in shares of Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after purchasing an additional 8,984 shares during the period. Acadian Asset Management LLC grew its position in shares of Eversource Energy by 115.1% in the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 801 shares during the period. Schnieders Capital Management LLC. increased its stake in shares of Eversource Energy by 87.9% during the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after purchasing an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Eversource Energy by 4.6% during the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES stock opened at $72.42 on Friday. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The stock has a market cap of $27.28 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 5.33 and a beta of 0.70. The business has a 50-day simple moving average of $72.13 and a 200-day simple moving average of $70.87.

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. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $0.96 earnings per share. Eversource Energy’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts expect that Eversource Energy will post 4.64 EPS for the current year.

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.