Eversource Energy (NYSE:ES) Given Consensus Rating of “Hold” by Brokerages

Eversource Energy (NYSE:ES) has been given a consensus recommendation of “Hold” by the twelve analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $71.90.

ES has been the topic of several recent analyst reports. Argus upgraded Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. JPMorgan Chase & Co. lifted their price target on Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Bank of America cut their price objective on shares of Eversource Energy from $82.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Finally, Wells Fargo & Company lowered their target price on shares of Eversource Energy from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday.

Eversource Energy Stock Down 0.0%

ES stock opened at $69.46 on Friday. The stock has a market capitalization of $26.10 billion, a P/E ratio of 15.20, a PEG ratio of 3.74 and a beta of 0.76. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a one year low of $52.28 and a one year high of $76.41. The company has a 50 day moving average price of $71.21 and a two-hundred day moving average price of $70.15.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th were issued a $0.7875 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) is 68.93%.

Insider Activity

In other news, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John M. Moreira sold 7,800 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the completion of the transaction, the executive vice president directly owned 43,269 shares in the company, valued at $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,381 shares of company stock valued at $1,211,079 in the last ninety days. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Eversource Energy

A number of large investors have recently modified their holdings of the company. United Asset Strategies Inc. increased its position in Eversource Energy by 1.0% during the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock worth $945,000 after purchasing an additional 138 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Eversource Energy by 1.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after buying an additional 140 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Eversource Energy by 1.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock worth $895,000 after acquiring an additional 142 shares in the last quarter. Mystic Asset Management Inc. increased its position in shares of Eversource Energy by 0.9% in the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock worth $1,177,000 after acquiring an additional 150 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Eversource Energy by 1.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after acquiring an additional 160 shares during the period. 79.99% of the stock is currently owned by hedge funds and other 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.