Eversource Energy (NYSE:ES) Upgraded at Argus

Argus upgraded shares of Eversource Energy (NYSE:ES) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently weighed in on ES. Jefferies Financial Group reiterated an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $71.00 to $78.00 in a report on Tuesday, February 17th. Mizuho increased their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, Bank of America reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.40.

Eversource Energy Stock Up 1.3%

Eversource Energy stock opened at $67.93 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. The business’s 50-day simple moving average is $71.37 and its two-hundred day simple moving average is $69.96. The company has a market cap of $25.51 billion, a PE ratio of 14.86, a PEG ratio of 2.90 and a beta of 0.76. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $76.41.

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

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s payout ratio is currently 68.93%.

Insiders Place Their Bets

In other news, insider John Y. Kim sold 6,000 shares of the business’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 directly owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total value of $193,239.47. Following the transaction, the insider directly owned 79,364 shares of the company’s stock, valued at approximately $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 16,381 shares of company stock worth $1,211,079. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eversource Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 697,829 shares in the last quarter. State Street Corp increased its stake in shares of Eversource Energy by 4.7% during the fourth quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after purchasing an additional 1,265,802 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Eversource Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock worth $646,233,000 after purchasing an additional 194,781 shares in the last quarter. Victory Capital Management Inc. raised its position 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 purchasing an additional 3,645,555 shares during the last quarter. Finally, Magellan Asset Management Ltd raised its position in shares of 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 worth $526,919,000 after purchasing an additional 454,658 shares during the last quarter. Institutional investors and hedge funds 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.