Eversource Energy (NYSE:ES) Stock Has Consensus Target Price of $72.92 According to Brokerages

Key Points

• Eversource Energy has a consensus “Hold” rating from 13 analysts, with three sell, six hold, and four buy recommendations. The average 12-month price target is $72.92, above the reported share price of $63.66.
• Institutional investors own approximately 79.99% of the company, with BlackRock, Legal & General, Norges Bank, Deutsche Bank, and HSBC among investors recently establishing or expanding positions.
• Eversource reported quarterly earnings of $0.87 per share, matching estimates, while revenue reached $2.90 billion. The company declared a quarterly dividend of $0.7875 per share, equivalent to an annualized $3.15 payout and a 4.9% yield.

Eversource Energy (NYSE:ES - Get Free Report) has received a consensus recommendation of "Hold" from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four 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 $72.92.

A number of equities research analysts have commented on ES shares. Capital One Financial set a $73.00 target price on shares of Eversource Energy in a research report on Wednesday, July 1st. Argus cut Eversource Energy from a "buy" rating to a "hold" rating in a report on Friday, June 12th. Weiss Ratings upgraded Eversource Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 31st. Wells Fargo & Company lifted their price objective on Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Finally, Citigroup reiterated a "hold" rating and set a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th.

Hedge Funds Weigh In On Eversource Energy

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Eversource Energy during the second quarter valued at approximately $3,086,413,000. Legal & General Group Plc purchased a new position in shares of Eversource Energy during the 2nd quarter worth $359,215,000. Norges Bank purchased a new position in shares of Eversource Energy during the 4th quarter worth $324,032,000. Deutsche Bank AG bought a new stake in shares of Eversource Energy during the 2nd quarter valued at $311,548,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Eversource Energy during the 2nd quarter valued at $272,105,000. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $63.66 on Friday. The firm's 50-day moving average price is $70.92 and its 200-day moving average price is $70.42. Eversource Energy has a 52-week low of $63.15 and a 52-week high of $76.57. The company has a market cap of $23.98 billion, a PE ratio of 16.49, a PEG ratio of 2.77 and a beta of 0.69. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $2.90 billion during the quarter, compared to analysts' expectations of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, analysts anticipate that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, September 21st. Eversource Energy's payout ratio is currently 81.61%.

Eversource Energy Company Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.

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