Eversource Energy (NYSE:ES) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Eversource Energy (NYSE:ES) had its price objective increased by BMO Capital Markets from $75.00 to $79.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 10.16% from the stock’s previous close.

A number of other brokerages also recently weighed in on ES. Mizuho reissued a “neutral” rating and issued a $68.00 price objective (down from $81.00) on shares of Eversource Energy in a research note on Thursday, November 20th. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, Bank of America upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $73.00 to $85.00 in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.90.

Eversource Energy Stock Down 1.8%

Eversource Energy stock opened at $71.71 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25. The firm’s fifty day simple moving average is $68.76 and its 200-day simple moving average is $68.60. The company has a market capitalization of $26.91 billion, a P/E ratio of 15.69, a P/E/G ratio of 3.14 and a beta of 0.77.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The business’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. Sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Institutional Trading of Eversource Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Eversource Energy in the fourth quarter valued at $324,032,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 4,630,216 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Eversource Energy by 61.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after buying an additional 3,645,555 shares during the period. Lazard Asset Management LLC grew its stake in Eversource Energy by 43,905.7% in the 2nd quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock valued at $171,309,000 after buying an additional 2,686,588 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Eversource Energy by 78.1% in the 4th quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after acquiring an additional 2,341,912 shares during the period. Institutional investors 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.