Eversource Energy (NYSE:ES) Receives $71.70 Consensus Price Target from Analysts

Shares of Eversource Energy (NYSE:ES) have earned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $71.70.

ES has been the topic of a number of research analyst reports. UBS Group dropped their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. JPMorgan Chase & Co. raised their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Mizuho dropped their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Scotiabank dropped their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, April 21st. Finally, Bank of America reissued a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a research report on Wednesday, April 22nd.

Eversource Energy Trading Up 0.8%

NYSE ES opened at $71.59 on Thursday. The firm has a market cap of $26.92 billion, a P/E ratio of 15.30, a P/E/G ratio of 4.70 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The stock’s 50-day moving average is $68.88 and its 200-day moving average is $69.52. Eversource Energy has a one year low of $61.53 and a one year high of $76.41.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.Eversource Energy’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is currently 67.31%.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ES. Lodestone Wealth Management LLC bought a new position in Eversource Energy in the fourth quarter valued at approximately $25,000. Activest Wealth Management grew its stake in Eversource Energy by 2,337.5% in the fourth 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. TFC Financial Management Inc. grew its stake in Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 400 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Eversource Energy in the fourth quarter valued at approximately $28,000. Finally, Key Capital Management INC bought a new position in Eversource Energy in the fourth quarter valued at approximately $29,000. 79.99% of the stock is currently owned by institutional investors.

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.