BMO Capital Markets Issues Pessimistic Forecast for Eversource Energy (NYSE:ES) Stock Price

Eversource Energy (NYSE:ES) had its price target decreased by equities researchers at BMO Capital Markets from $79.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ target price points to a potential upside of 11.24% from the company’s current price.

A number of other brokerages also recently weighed in on ES. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. UBS Group cut their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Mizuho lifted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Performance

Shares of ES opened at $67.42 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The firm’s fifty day simple moving average is $71.47 and its two-hundred day simple moving average is $70.00. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $76.41. The stock has a market capitalization of $25.32 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider John Y. Kim sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the sale, the insider owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. This trade represents a 32.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 16,381 shares of company stock valued at $1,211,079. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Eversource Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of ES. Vanguard Group Inc. grew its holdings in shares of Eversource Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock valued at $3,198,996,000 after buying an additional 697,829 shares during the last quarter. State Street Corp lifted its position in Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock valued at $1,886,119,000 after acquiring an additional 1,265,802 shares in the last quarter. Geode Capital Management LLC lifted its position in Eversource Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after acquiring an additional 194,781 shares in the last quarter. Victory Capital Management Inc. boosted its stake in 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 valued at $642,747,000 after purchasing an additional 3,645,555 shares during the last quarter. Finally, Magellan Asset Management Ltd boosted its stake in Eversource Energy by 6.5% during the 3rd quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock valued at $526,919,000 after purchasing an additional 454,658 shares during the last quarter. 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.