Eversource Energy (NYSE:ES) Stock Rating Upgraded by Wells Fargo & Company

Eversource Energy (NYSE:ES) was upgraded by research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a $78.00 price target on the utilities provider’s stock, up from their previous price target of $71.00. Wells Fargo & Company‘s price target points to a potential upside of 8.77% from the company’s previous close.

A number of other research analysts have also issued reports on ES. 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 report on Monday, November 24th. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. JPMorgan Chase & Co. reduced their price objective on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Mizuho reiterated a “neutral” rating and issued a $68.00 price target (down previously from $81.00) on shares of Eversource Energy in a report on Thursday, November 20th. Finally, Scotiabank lowered their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Thursday, November 20th. Three equities research 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Trading Down 1.8%

ES opened at $71.71 on Tuesday. The company has a market cap of $26.91 billion, a P/E ratio of 15.69, a PEG ratio of 3.14 and a beta of 0.77. 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 company’s 50 day moving average is $68.76 and its 200-day moving average is $68.60. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25.

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, topping analysts’ consensus estimates 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 analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s 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. Equities research analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eversource Energy

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