Eversource Energy (NYSE:ES) Rating Lowered to “Neutral” at Seaport Research Partners

Eversource Energy (NYSE:ES) was downgraded by equities research analysts at Seaport Research Partners from a “buy” rating to a “neutral” rating in a report released on Monday.

ES has been the subject of a number of other research reports. Wells Fargo & Company reduced their price objective on Eversource Energy from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Bank of America cut their price objective on Eversource Energy from $82.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. BMO Capital Markets lowered their target price on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, March 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $71.90.

Eversource Energy Stock Performance

Shares of ES opened at $69.24 on Monday. The stock has a 50-day moving average of $71.32 and a two-hundred day moving average of $70.28. Eversource Energy has a one year low of $55.56 and a one year high of $76.41. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a market cap of $26.02 billion, a P/E ratio of 15.15, a P/E/G ratio of 3.76 and a beta of 0.76.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, research analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Insider Activity

In other news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the sale, the insider directly owned 79,364 shares in the company, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Y. Kim sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider directly owned 12,339 shares in the company, valued at $907,780.23. This trade represents a 32.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,381 shares of company stock worth $1,211,079. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Eversource Energy

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of 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 buying an additional 1,319 shares during the period. Woodline Partners LP raised its stake in shares of Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after buying an additional 8,984 shares during the last quarter. Acadian Asset Management LLC lifted its holdings 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 in the last quarter. Schnieders Capital Management LLC. lifted its stake in Eversource Energy by 87.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after buying an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in Eversource Energy by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock valued at $505,000 after buying an additional 349 shares in the last quarter. Hedge funds and other 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.