Eversource Energy (NYSE:ES) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Eversource Energy (NYSE:ES)’s stock price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $67.71 and traded as high as $67.93. Eversource Energy shares last traded at $67.75, with a volume of 1,932,888 shares traded.

Wall Street Analysts Forecast Growth

ES has been the topic of several recent research reports. BMO Capital Markets decreased their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Mizuho increased their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wells Fargo & Company increased their price target 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. Weiss Ratings upgraded shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a report on Monday, October 19th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.91.

Eversource Energy Trading Up 0.3%

The firm’s fifty day moving average is $67.71 and its 200-day moving average is $70.02.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm earned $0.96 earnings per share. Eversource Energy’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. On average, equities analysts predict that Eversource Energy will post 4.63 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a dividend of $0.7875 per share. The ex-dividend date was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%.

Hedge Funds Weigh In On Eversource Energy

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Eversource Energy in the second quarter valued at about $3,086,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Eversource Energy by 1.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,620,413 shares of the utilities provider’s stock worth $478,457,000 after acquiring an additional 88,163 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Eversource Energy in the second quarter worth about $359,215,000. Deutsche Bank AG bought a new position in shares of Eversource Energy in the second quarter worth about $311,548,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Eversource Energy during the second quarter worth approximately $272,105,000. Institutional investors own 79.99% of the company’s stock.

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.