Eversource Energy (NYSE:ES) Stock Has Average Price Target of $72.00 According to Analysts

Eversource Energy (NYSE:ES) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $72.91.

Several research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Mizuho increased 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. JPMorgan Chase & Co. reduced their price objective on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating for the company in a report on Monday, October 19th. Citigroup reiterated a “hold” rating and issued a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Finally, HSBC started coverage on Eversource Energy in a research report on Thursday. They issued a “hold” rating and a $70.00 target price for the company.

Eversource Energy Price Performance

Shares of ES opened at $67.47 on Wednesday. The company has a market capitalization of $25.42 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.67. 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 firm has a 50 day moving average of $67.86 and a 200 day moving average of $69.74. Eversource Energy has a twelve month low of $62.72 and a twelve month high of $76.57.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities research analysts anticipate that Eversource Energy will post 4.63 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.7875 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. Eversource Energy’s payout ratio is currently 81.61%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Eversource Energy in the 2nd quarter worth approximately $3,086,413,000. Legal & General Group Plc bought a new stake in Eversource Energy during the 2nd quarter worth approximately $359,215,000. Deutsche Bank AG bought a new stake in Eversource Energy during the 2nd quarter worth approximately $311,548,000. Hsbc Holdings PLC bought a new stake in Eversource Energy during the 2nd quarter worth approximately $272,105,000. Finally, Magellan Asset Management Ltd purchased a new position in Eversource Energy during the second quarter valued at approximately $248,397,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.