Eversource Energy (NYSE:ES) Raised to Strong-Buy at Argus

Eversource Energy (NYSE:ES) was upgraded by equities research analysts at Argus to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on ES. BMO Capital Markets decreased 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. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $71.00 to $78.00 in a research note on Tuesday, February 17th. Mizuho lifted their price objective on Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. UBS Group reduced their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.90.

Eversource Energy Stock Down 0.7%

Shares of ES opened at $67.02 on Tuesday. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 2.92 and a beta of 0.76. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41. The company has a 50-day moving average price of $71.41 and a two-hundred day moving average price of $69.98.

Eversource Energy (NYSE:ES) last released 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. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue 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. Equities analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Y. Kim sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the sale, the insider owned 12,339 shares in the company, valued at approximately $907,780.23. This represents a 32.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,381 shares of company stock valued at $1,211,079. 0.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Eversource Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its stake in shares of Eversource Energy by 15.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,101 shares of the utilities provider’s stock worth $748,000 after acquiring an additional 1,458 shares during the last quarter. World Investment Advisors grew its stake in shares of Eversource Energy by 82.0% during the fourth quarter. World Investment Advisors now owns 7,564 shares of the utilities provider’s stock valued at $509,000 after purchasing an additional 3,407 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Eversource Energy by 26.2% in the fourth quarter. Corient Private Wealth LLC now owns 77,101 shares of the utilities provider’s stock valued at $5,192,000 after purchasing an additional 16,021 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Eversource Energy in the fourth quarter valued at approximately $841,000. Finally, SHP Wealth Management bought a new position in Eversource Energy in the 4th quarter worth approximately $1,917,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

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.