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

Shares of Eversource Energy (NYSE:ESGet Free Report) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $72.9167.

A number of research analysts recently weighed in on ES shares. Citigroup reiterated a “hold” rating and issued a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Mizuho raised their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Capital One Financial set a $73.00 price target on Eversource Energy in a research note on Wednesday, July 1st. Finally, Bank of America reaffirmed a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd.

Get Our Latest Analysis on Eversource Energy

Insider Activity

In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction on 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 $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 through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Eversource Energy

Large investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Eversource Energy during the fourth quarter valued at $1,158,000. F m Investments LLC bought a new stake in shares of Eversource Energy in the 4th quarter worth approximately $4,854,000. Forsta AP Fonden lifted its position in shares of Eversource Energy by 118.5% during 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 holdings in shares of Eversource Energy by 19.6% during the fourth quarter. John G Ullman & Associates Inc. now owns 194,800 shares of the utilities provider’s stock valued at $13,116,000 after purchasing an additional 31,875 shares during the last quarter. Finally, National Pension Service lifted its stake in Eversource Energy by 5.1% during the fourth quarter. National Pension Service now owns 573,073 shares of the utilities provider’s stock valued at $38,585,000 after buying an additional 27,798 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.1%

Shares of Eversource Energy stock opened at $71.11 on Friday. The business’s fifty day moving average is $72.27 and its two-hundred day moving average is $70.87. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57. The firm has a market cap of $26.79 billion, a PE ratio of 18.42, a P/E/G ratio of 5.25 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ESGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 EPS. The firm’s quarterly 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. Analysts anticipate that Eversource Energy will post 4.64 earnings per share for the current year.

About Eversource Energy

(Get Free Report)

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.

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Analyst Recommendations for Eversource Energy (NYSE:ES)

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