Eversource Energy (NYSE:ES) Given New $75.00 Price Target at Mizuho

Eversource Energy (NYSE:ES) had its target price raised by Mizuho from $69.00 to $75.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Several other analysts have also recently commented on the stock. Scotiabank decreased their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. Bank of America raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $73.00 to $85.00 in a report on Tuesday, October 21st. UBS Group lowered their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their price objective on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Finally, Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $71.00 to $78.00 in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.90.

Eversource Energy Stock Performance

Shares of ES opened at $73.00 on Tuesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.64 and a current ratio of 0.71. The stock has a 50-day moving average of $68.68 and a two-hundred day moving average of $68.58. The stock has a market cap of $27.39 billion, a P/E ratio of 15.97, a P/E/G ratio of 3.16 and a beta of 0.77. Eversource Energy has a one year low of $52.28 and a one year high of $75.25.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.27% and a net margin of 12.49%.The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business posted $1.01 earnings per share. The company’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, research analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is currently 65.86%.

Institutional Trading of Eversource Energy

Institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Eversource Energy by 7.9% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock valued at $26,673,000 after purchasing an additional 30,641 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of Eversource Energy by 5.4% during the third quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock worth $27,521,000 after buying an additional 19,795 shares during the period. Advisors Asset Management Inc. raised its holdings in Eversource Energy by 31.1% in the second quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock valued at $2,506,000 after acquiring an additional 9,350 shares in the last quarter. Vanguard Group Inc. raised its holdings in Eversource Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock valued at $2,904,422,000 after acquiring an additional 691,165 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Eversource Energy in the second quarter worth approximately $477,000. 79.99% of the stock is owned by institutional investors and hedge funds.

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.