Eversource Energy’s (ES) “Neutral” Rating Reaffirmed at Seaport Research Partners

Seaport Research Partners reiterated their neutral rating on shares of Eversource Energy (NYSE:ES) in a research note issued to investors on Monday, MarketBeat reports.

A number of other equities analysts also recently commented on ES. Mizuho decreased their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. BMO Capital Markets reduced their price target on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, March 23rd. Argus raised Eversource Energy to a “strong-buy” rating in a research note on Tuesday, March 24th. Wells Fargo & Company reduced their price target on Eversource Energy from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Finally, JPMorgan Chase & Co. upped their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Eversource Energy has an average rating of “Hold” and a consensus price target of $71.90.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $68.49 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The company has a market cap of $25.74 billion, a PE ratio of 14.99, a P/E/G ratio of 3.76 and a beta of 0.76. The business has a 50 day moving average of $71.34 and a 200 day moving average of $70.26. Eversource Energy has a 52 week low of $55.56 and a 52 week high of $76.41.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts forecast that Eversource Energy will post 4.8 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 5th were paid a $0.7875 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a yield of 4.6%. Eversource Energy’s payout ratio is currently 68.93%.

Insider Buying and Selling

In related 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 value of $193,239.47. Following the sale, the insider directly owned 79,364 shares of the company’s stock, valued at $5,941,982.68. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, the executive vice president directly owned 43,269 shares in the company, valued at approximately $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,381 shares of company stock valued at $1,211,079 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Eversource Energy

A number of institutional investors have recently modified their holdings of ES. Norges Bank purchased a new stake in shares of Eversource Energy in the fourth quarter worth $324,032,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Eversource Energy by 23,707.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after acquiring an additional 4,630,216 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after acquiring an additional 3,645,555 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Eversource Energy by 78.1% in the fourth quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock worth $359,676,000 after acquiring an additional 2,341,912 shares during the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in shares of Eversource Energy in the fourth quarter worth $104,848,000. 79.99% of the stock is 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.