Eversource Energy (NYSE:ES) Receives Hold (C) Rating from Weiss Ratings

Eversource Energy (NYSE:ES)‘s stock had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently weighed in on the stock. Mizuho upped their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, June 25th. Bank of America upped their price objective on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.38.

Eversource Energy Stock Performance

NYSE:ES opened at $73.50 on Wednesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.63. The firm has a 50-day moving average of $66.43 and a two-hundred day moving average of $63.72. The stock has a market cap of $27.28 billion, a P/E ratio of 31.55, a PEG ratio of 2.74 and a beta of 0.67. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $74.46.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. On average, research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane bought 3,780 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of $66.07 per share, with a total value of $249,744.60. Following the completion of the acquisition, the insider directly owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. The trade was a 45.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eversource Energy

Several large investors have recently made changes to their positions in ES. Neo Ivy Capital Management acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $26,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $28,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $31,000. Hilltop National Bank acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $32,000. Finally, Rossby Financial LCC acquired a new stake in shares of Eversource Energy in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.