Eversource Energy (NYSE:ES) Stock Price Expected to Rise, Mizuho Analyst Says

Eversource Energy (NYSE:ES) had its price objective increased by equities research analysts at Mizuho from $69.00 to $75.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price target suggests a potential upside of 4.58% from the company’s previous close.

ES has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Scotiabank reduced their target price 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. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. UBS Group dropped their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Performance

Eversource Energy stock opened at $71.71 on Tuesday. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. The stock has a market cap of $26.91 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 3.14 and a beta of 0.77. The stock has a 50 day moving average of $68.76 and a 200-day moving average of $68.60.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ES. United Asset Strategies Inc. grew its holdings in Eversource Energy by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider’s stock worth $945,000 after buying an additional 138 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Eversource Energy by 1.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock worth $999,000 after acquiring an additional 140 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Eversource Energy by 1.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock worth $895,000 after purchasing an additional 142 shares in the last quarter. Mystic Asset Management Inc. increased its holdings in shares of Eversource Energy by 0.9% during the third quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider’s stock valued at $1,177,000 after purchasing an additional 150 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Eversource Energy by 1.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 160 shares during the period. Institutional investors own 79.99% of the company’s stock.

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.