Eversource Energy (NYSE:ES) Given Consensus Recommendation of “Hold” by Analysts

Shares of Eversource Energy (NYSE:ES) have earned a consensus rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $71.9091.

Several research firms have recently commented on ES. Seaport Research Partners cut Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Scotiabank cut their price target on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Mizuho decreased their price target on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Capital One Financial set a $73.00 price objective on Eversource Energy in a research report on Wednesday, July 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th.

Insider Buying and Selling at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of Eversource Energy

A number of institutional investors have recently bought and sold shares of ES. Healthcare of Ontario Pension Plan Trust Fund grew 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 last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Eversource Energy by 1.1% in the 4th 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 during the period. CX Institutional lifted its position in Eversource Energy by 4.3% in the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 144 shares during the last quarter. Bank & Trust Co lifted its position in Eversource Energy by 2.0% in the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 149 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake 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 and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES opened at $74.83 on Monday. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The company’s 50 day simple moving average is $70.09 and its 200-day simple moving average is $70.04. The stock has a market capitalization of $28.14 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 4.95 and a beta of 0.70.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $1.50 earnings per share. Eversource Energy’s revenue for the quarter was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were given a dividend of $0.7875 per share. The ex-dividend date was Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. Eversource Energy’s payout ratio is currently 67.31%.

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.