Eversource Energy (NYSE:ES) Research Coverage Started at HSBC

HSBC initiated coverage on shares of Eversource Energy (NYSE:ES) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $70.00 price objective on the utilities provider’s stock.

A number of other research firms have also recently weighed in on ES. Citigroup reiterated a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. dropped their price target on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Wells Fargo & Company upped their target price on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Finally, Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $72.91.

Eversource Energy Stock Performance

Shares of ES opened at $67.47 on Thursday. The business’s fifty day moving average price is $67.86 and its 200 day moving average price is $69.74. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. Eversource Energy has a 12-month low of $62.72 and a 12-month high of $76.57. The stock has a market capitalization of $25.42 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the business posted $0.96 EPS. The company’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. Equities research analysts forecast that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid 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 4.7%. Eversource Energy’s dividend payout ratio (DPR) is currently 81.61%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ES. Elevation Wealth Partners LLC boosted its position in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after buying an additional 240 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Eversource Energy in the 2nd quarter valued at $26,000. First Bancorp Inc ME acquired a new stake in Eversource Energy in the second quarter worth about $30,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Eversource Energy during the 2nd quarter worth approximately $36,000. Finally, Global Assets Advisory LLC acquired a new stake in Eversource Energy during the 1st quarter worth $51,000. 79.99% of the stock is owned by institutional investors.

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.