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

Eversource Energy (NYSE:ES) has received an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $73.90.

Several research firms have issued reports on ES. UBS Group decreased their price objective 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 target on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Mizuho raised their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Scotiabank lowered their price objective on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Thursday, November 20th. Finally, Bank of America reiterated a “buy” rating on shares of Eversource Energy in a research note on Monday, March 2nd.

Insider Activity at Eversource Energy

In related news, insider Cotton M. Cleveland sold 2,581 shares of the 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 completion of the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were 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 owned 43,269 shares in the company, valued at $3,197,579.10. The trade was a 15.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,381 shares of company stock valued at $1,211,079. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Eversource Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in Eversource Energy in the 4th quarter valued at about $324,032,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Eversource Energy by 23,707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after purchasing an additional 4,630,216 shares during the last quarter. Victory Capital Management Inc. grew its position 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 valued at $642,747,000 after purchasing an additional 3,645,555 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Eversource Energy by 43,905.7% in the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock valued at $171,309,000 after purchasing an additional 2,686,588 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings 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 valued at $359,676,000 after purchasing an additional 2,341,912 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Down 0.7%

Eversource Energy stock opened at $73.91 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a market capitalization of $27.75 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 3.22 and a beta of 0.76. The business has a 50 day simple moving average of $70.66 and a 200-day simple moving average of $69.45. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, March 5th. Eversource Energy’s dividend payout ratio is presently 68.93%.

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.