BMO Capital Markets Cuts Eversource Energy (NYSE:ES) Price Target to $72.00

Eversource Energy (NYSE:ES) had its price objective decreased by BMO Capital Markets from $73.00 to $72.00 in a research report released on Wednesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the utilities provider’s stock.

Several other research firms also recently commented on ES. Bank of America reiterated a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Mizuho lowered their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. 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. Finally, Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $71.82.

Eversource Energy Stock Performance

Shares of ES stock opened at $74.96 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market cap of $28.19 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 4.93 and a beta of 0.70. Eversource Energy has a 52 week low of $61.53 and a 52 week high of $76.41. The firm’s 50-day simple moving average is $71.33 and its two-hundred day simple moving average is $70.52.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm earned $1.50 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, equities analysts forecast that Eversource Energy will post 4.66 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a $0.7875 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 annualized dividend and a yield of 4.2%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Insiders Place Their Bets

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the sale, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Eversource Energy

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Eversource Energy by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock valued at $3,198,996,000 after purchasing an additional 697,829 shares during the period. State Street Corp boosted its stake in Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after purchasing an additional 1,265,802 shares during the period. Geode Capital Management LLC grew its holdings in Eversource Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after buying an additional 194,781 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after buying an additional 3,645,555 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Eversource Energy by 4.2% during the fourth quarter. Morgan Stanley now owns 5,879,604 shares of the utilities provider’s stock valued at $395,874,000 after buying an additional 238,723 shares during the period. 79.99% of the stock is owned by institutional investors.

Trending Headlines about Eversource Energy

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: KeyCorp reiterated a constructive long-term view by forecasting steady earnings growth for Eversource, including $4.97 EPS in FY2027, $5.29 in FY2028, $5.66 in FY2029, and $6.00 in FY2030, which suggests improving profit power over time.
• Neutral Sentiment: KeyCorp’s latest quarterly estimates for Q2 2026 ($0.87), Q3 2026 ($1.03), and Q4 2026 ($1.04) were updated, but these figures were in line with the broader narrative of modest utility-style earnings growth rather than a major surprise.
• Negative Sentiment: KeyCorp cut its FY2027 estimate to $4.97 EPS from $5.20, signaling slightly less optimism about next year’s earnings trajectory.
• Negative Sentiment: KeyCorp also reduced FY2028 EPS expectations to $5.29 from $5.52 and FY2029 EPS to $5.66 from $5.83, indicating some cooling in its longer-term forecast.
• Negative Sentiment: BMO Capital Markets lowered its price target on Eversource Energy to $72.00, which may have pressured shares by implying less upside from current levels.
• Negative Sentiment: A separate earnings preview said Eversource’s upcoming Q2 results are expected to decline, adding to cautious sentiment ahead of the report.

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.