Eversource Energy (ES) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Eversource Energy, with three sell, five hold, and four buy recommendations. The average 12-month price target is $72, compared with the stock’s $65.42 opening price.
• Institutional investors and hedge funds own approximately 79.99% of Eversource shares, with major firms including BlackRock, UBS Asset Management, Legal & General, Deutsche Bank, and HSBC adding or initiating positions.
• Eversource matched quarterly earnings expectations at $0.87 per share, while revenue rose 2.3% year over year to $2.90 billion. The company pays a quarterly dividend of $0.7875, equivalent to a 4.8% annual yield, though its payout ratio is high at 81.61%.

Shares of Eversource Energy (NYSE:ES - Get Free Report) have been given a consensus rating of "Hold" by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $72.00.

ES has been the topic of several research reports. Weiss Ratings raised shares of Eversource Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 31st. JPMorgan Chase & Co. cut their price target on Eversource Energy from $73.00 to $68.00 and set an "underweight" rating on the stock in a report on Monday. Mizuho increased their price objective on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wells Fargo & Company lifted their target price on Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, July 2nd. Finally, BMO Capital Markets cut their target price on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd.

Hedge Funds Weigh In On Eversource Energy

A number of large investors have recently modified their holdings of ES. BlackRock Inc. bought a new position in shares of Eversource Energy in the 2nd quarter valued at $3,086,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Eversource Energy by 1.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,620,413 shares of the utilities provider's stock worth $478,457,000 after buying an additional 88,163 shares during the last quarter. Legal & General Group Plc acquired a new stake in Eversource Energy in the second quarter valued at about $359,215,000. Deutsche Bank AG acquired a new stake in Eversource Energy in the second quarter valued at about $311,548,000. Finally, Hsbc Holdings PLC bought a new position in shares of Eversource Energy in the second quarter worth about $272,105,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Up 1.5%

Shares of NYSE:ES opened at $65.42 on Wednesday. The company has a 50 day moving average price of $68.16 and a two-hundred day moving average price of $69.79. The company has a market capitalization of $24.64 billion, a PE ratio of 16.95, a PEG ratio of 2.80 and a beta of 0.67. Eversource Energy has a 52 week low of $62.72 and a 52 week high of $76.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Analysts forecast that Eversource Energy will post 4.64 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.7875 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a yield of 4.8%. Eversource Energy's dividend payout ratio (DPR) is 81.61%.

Eversource Energy Company Profile

Eversource Energy NYSE: ES is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.

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