Brokerages Set Eversource Energy (NYSE:ES) Target Price at $72.92

Shares of Eversource Energy (NYSE:ES) have received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $72.9167.

A number of equities research analysts have issued reports on ES shares. Wells Fargo & Company increased their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Mizuho lifted their target price on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Citigroup reaffirmed a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Finally, BMO Capital Markets reduced their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $71.00 on Tuesday. The company has a market capitalization of $26.74 billion, a P/E ratio of 18.39, a P/E/G ratio of 3.08 and a beta of 0.69. Eversource Energy has a 1-year low of $62.45 and a 1-year high of $76.57. The firm’s 50 day simple moving average is $72.80 and its two-hundred day simple moving average is $71.11. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business posted $0.96 EPS. Eversource Energy’s revenue for the quarter was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Research analysts expect that Eversource Energy will post 4.65 EPS for the current fiscal year.

Institutional Trading of Eversource Energy

A number of institutional investors have recently bought and sold shares of ES. Elevation Wealth Partners LLC boosted its position in shares of Eversource Energy by 220.2% during the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after buying an additional 240 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in Eversource Energy in the 2nd quarter worth about $26,000. First Bancorp Inc ME purchased a new stake in Eversource Energy in the 2nd quarter valued at about $30,000. Garton & Associates Financial Advisors LLC bought a new position in Eversource Energy in the fourth quarter worth approximately $28,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Eversource Energy in the 4th quarter worth $29,000. 79.99% of the stock is currently owned by institutional investors.

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.