Eversource Energy (NYSE:ES) Given Consensus Recommendation of “Reduce” by Analysts

Eversource Energy (NYSE:ES) has been assigned an average rating of “Reduce” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $71.50.

Several brokerages recently issued reports on ES. Wells Fargo & Company downgraded shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $79.00 to $63.00 in a research note on Wednesday, November 19th. Scotiabank decreased 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Mizuho reissued a “neutral” rating and issued a $68.00 price target (down from $81.00) on shares of Eversource Energy in a research note on Thursday, November 20th. Finally, Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Monday, November 24th.

Eversource Energy Stock Up 0.3%

ES opened at $70.42 on Friday. The firm has a market cap of $26.42 billion, a P/E ratio of 19.29, a PEG ratio of 3.00 and a beta of 0.77. The business’s fifty day simple moving average is $68.31 and its 200 day simple moving average is $68.39. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68.

Eversource Energy (NYSE:ES) last released 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. Eversource Energy had a net margin of 10.22% and a return on equity of 11.06%. 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 firm earned $1.01 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, equities research analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 4.5%. This is a positive change 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 currently 82.47%.

Institutional Trading of Eversource Energy

Several institutional investors have recently made changes to their positions in ES. Universal Beteiligungs und Servicegesellschaft mbH boosted its position 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 worth $26,673,000 after buying an additional 30,641 shares during the period. Alps Advisors Inc. lifted its position in Eversource Energy by 5.4% during the 3rd quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock worth $27,521,000 after acquiring an additional 19,795 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Eversource Energy by 31.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock worth $2,506,000 after acquiring an additional 9,350 shares during the period. Vanguard Group Inc. grew its position 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 stake in shares of Eversource Energy during the second quarter valued at approximately $477,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

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.