Eversource Energy (NYSE:ES) Upgraded to “Overweight” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Eversource Energy (NYSE:ES) from an equal weight rating to an overweight rating in a research report released on Tuesday morning, MarketBeat reports. The brokerage currently has $78.00 target price on the utilities provider’s stock, up from their prior target price of $71.00.

Several other equities research analysts have also recently commented on the stock. UBS Group lowered their price target on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Monday, November 24th. Bank of America raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $73.00 to $85.00 in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. dropped their price target on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. 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 stock. According to MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $73.90.

Eversource Energy Price Performance

Eversource Energy stock opened at $73.00 on Tuesday. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25. The business’s fifty day moving average is $68.68 and its two-hundred day moving average is $68.58. 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 firm 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 (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 4.3%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s dividend payout ratio (DPR) is presently 65.86%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Lodestone Wealth Management LLC acquired a new stake in Eversource Energy during the 4th quarter valued at $25,000. Neo Ivy Capital Management bought a new position in shares of Eversource Energy in the second quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in shares of Eversource Energy during the 3rd quarter worth about $26,000. Activest Wealth Management boosted its holdings in shares of Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Eversource Energy during the 3rd quarter worth about $27,000. 79.99% of the stock is owned by institutional investors and hedge funds.

About Eversource Energy

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.