Citigroup Reiterates Neutral Rating for Eversource Energy (NYSE:ES)

Eversource Energy (NYSE:ES)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup in a note issued to investors on Monday,Benzinga reports. They presently have a $81.00 price objective on the utilities provider’s stock. Citigroup’s target price would suggest a potential upside of 8.05% from the company’s current price.

A number of other analysts also recently commented on ES. Bank of America reiterated a “buy” rating and issued a $72.00 target price on shares of Eversource Energy in a report on Wednesday, April 22nd. Scotiabank cut their target price on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Tuesday, April 21st. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a report on Wednesday, July 1st. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $72.58.

Eversource Energy Trading Up 0.1%

Shares of ES stock opened at $74.96 on Monday. The stock has a 50-day simple moving average of $71.33 and a 200 day simple moving average of $70.54. The stock has a market capitalization of $28.19 billion, a P/E ratio of 16.02, a P/E/G ratio of 4.95 and a beta of 0.70. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the business earned $1.50 earnings per share. Eversource Energy’s revenue for the quarter 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. On average, sell-side analysts expect that Eversource Energy will post 4.66 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Eversource Energy

Several institutional investors have recently bought and sold shares of the stock. Bank & Trust Co raised its holdings in Eversource Energy by 2.0% in the 2nd quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock worth $539,000 after acquiring an additional 149 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of Eversource Energy by 13.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider’s stock worth $25,468,000 after purchasing an additional 40,993 shares in the last quarter. Family Wealth Partners LLC acquired a new stake in Eversource Energy during the second quarter worth $217,000. Tema ETFs LLC lifted its holdings in shares of Eversource Energy by 10.4% during the 2nd quarter. Tema ETFs LLC now owns 7,668 shares of the utilities provider’s stock worth $554,000 after acquiring an additional 725 shares during the period. Finally, Fiduciary Financial Group LLC increased its stake in Eversource Energy by 3.5% in the second quarter. Fiduciary Financial Group LLC now owns 6,068 shares of the utilities provider’s stock valued at $439,000 after acquiring an additional 203 shares during the period. 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.