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

Eversource Energy (NYSE:ES) had its target price upped by Mizuho from $69.00 to $75.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the utilities provider’s stock.

Several other research analysts have also recently weighed in on ES. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $71.00 to $78.00 in a research report on Tuesday. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $73.00 to $85.00 in a report on Tuesday, October 21st. BMO Capital Markets boosted their price target on Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Up 2.7%

ES stock opened at $73.66 on Tuesday. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25. The business’s 50 day simple moving average is $68.89 and its 200 day simple moving average is $68.64. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $27.66 billion, a PE ratio of 16.12, a PEG ratio of 3.08 and a beta of 0.77.

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

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio is currently 65.86%.

Institutional Investors Weigh In On Eversource Energy

Large investors have recently bought and sold shares of the company. Lodestone Wealth Management LLC bought a new stake in shares of Eversource Energy during the 4th quarter worth approximately $25,000. Neo Ivy Capital Management bought a new stake in Eversource Energy during the second quarter worth $26,000. Root Financial Partners LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at $26,000. Activest Wealth Management boosted its holdings in shares of Eversource Energy by 2,337.5% in the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 374 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Eversource Energy in the 3rd quarter valued at $27,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

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.