Eversource Energy (NYSE:ES) Price Target Lowered to $72.00 at BMO Capital Markets

Eversource Energy (NYSE:ES) had its target price dropped by BMO Capital Markets from $73.00 to $72.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 3.53% from the company’s current price.

A number of other equities research analysts have also commented on the stock. Bank of America reissued a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. UBS Group reduced their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Finally, Mizuho dropped their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $71.82.

Eversource Energy Price Performance

ES traded up $1.59 during trading on Wednesday, hitting $74.64. The company’s stock had a trading volume of 490,840 shares, compared to its average volume of 2,539,650. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $28.07 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. The firm’s 50 day moving average price is $70.94 and its two-hundred day moving average price is $70.39. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.41.

Eversource Energy (NYSE:ES) last announced its 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 return on equity of 11.59% and a net margin of 12.55%.The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the company posted $1.50 earnings per share. The firm’s quarterly revenue 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 forecast that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at approximately $3,925,788.52. This represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Eversource Energy

Institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Eversource Energy by 1.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider’s stock valued at $999,000 after buying 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 fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider’s stock worth $895,000 after acquiring an additional 142 shares during the last quarter. CX Institutional raised its position in shares of Eversource Energy by 4.3% during the second quarter. CX Institutional now owns 3,513 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 144 shares during the last quarter. Bank & Trust Co raised its position in shares of Eversource Energy by 2.0% during the second quarter. Bank & Trust Co now owns 7,459 shares of the utilities provider’s stock worth $539,000 after acquiring an additional 149 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of 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 acquiring an additional 160 shares during the period. 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.