JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Eversource Energy (NYSE:ES) Stock

Eversource Energy (NYSE:ES) had its price target lifted by JPMorgan Chase & Co. from $72.00 to $75.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.67% from the stock’s current price.

ES has been the subject of a number of other reports. Bank of America reiterated a “buy” rating on shares of Eversource Energy in a research report on Monday, March 2nd. Mizuho boosted their target price on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Scotiabank lowered their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.30.

Eversource Energy Stock Down 0.2%

Shares of ES opened at $73.05 on Thursday. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41. 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 stock has a fifty day simple moving average of $71.12 and a two-hundred day simple moving average of $69.62. The company has a market capitalization of $27.43 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.76.

Eversource Energy (NYSE:ES) last posted its earnings results 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 company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. Eversource Energy’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Insider Buying and Selling at Eversource Energy

In other news, insider John Y. Kim sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the transaction, the insider owned 12,339 shares of the company’s stock, valued at $907,780.23. This represents a 32.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John M. Moreira sold 7,800 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the sale, the executive vice president directly owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. This trade represents a 15.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,381 shares of company stock worth $1,211,079 in the last 90 days. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eversource Energy

Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its stake in Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after buying an additional 1,319 shares during the period. Woodline Partners LP lifted its stake in shares of Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock worth $1,925,000 after acquiring an additional 8,984 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Eversource Energy by 115.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 801 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in Eversource Energy by 87.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after purchasing an additional 27,332 shares during the last quarter. Finally, Savant Capital LLC raised its position in shares of Eversource Energy by 13.9% in the 2nd quarter. Savant Capital LLC now owns 13,869 shares of the utilities provider’s stock valued at $882,000 after purchasing an additional 1,692 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

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.