Mizuho Raises Eversource Energy (NYSE:ES) Price Target to $75.00

Eversource Energy (NYSE:ES) had its price target hoisted by investment analysts at Mizuho from $69.00 to $75.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Mizuho’s target price points to a potential upside of 1.28% from the stock’s previous close.

ES has been the topic of a number of other reports. Scotiabank decreased their target price on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $73.00 to $85.00 in a research report on Tuesday, October 21st. JPMorgan Chase & Co. reduced their target price on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Finally, UBS Group decreased their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.90.

Eversource Energy Trading Up 0.9%

Shares of Eversource Energy stock opened at $74.05 on Tuesday. The company’s fifty day simple moving average is $68.58 and its 200-day simple moving average is $68.53. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 3.16 and a beta of 0.77. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $75.25.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Institutional Trading of Eversource Energy

Hedge funds have recently modified their holdings of the stock. United Asset Strategies Inc. increased its stake in shares of Eversource Energy by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock valued at $945,000 after buying an additional 138 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Eversource Energy by 1.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock valued at $999,000 after purchasing an additional 140 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Eversource Energy by 1.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock valued at $895,000 after buying an additional 142 shares during the period. Mystic Asset Management Inc. raised its position in shares of Eversource Energy by 0.9% during the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock worth $1,177,000 after purchasing an additional 150 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Eversource Energy by 1.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock worth $807,000 after buying an additional 160 shares during the period. 79.99% of the stock is 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.