Eversource Energy (NYSE:ES) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Eversource Energy (NYSE:ES) received a consensus rating of "Hold" from ten brokerages, with a mix of ratings that includes three sell, four hold, and three buy ratings.
• The stock has an average one-year target price of $65.56, with recent price targets raised by firms such as Mizuho and BMO Capital Markets.
• The company reported an EPS of $0.96 for the last quarter, slightly beating estimates, while raising its FY 2025 guidance to between $4.670 and $4.820 EPS.

Shares of Eversource Energy (NYSE:ES - Get Free Report) have been given a consensus rating of "Hold" by the ten brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $65.5556.

A number of brokerages have recently commented on ES. Mizuho increased their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. BMO Capital Markets upped their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Finally, Bank of America upped their price objective on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st.

Eversource Energy Stock Performance

NYSE:ES opened at $65.3990 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. The company has a fifty day moving average of $64.98 and a two-hundred day moving average of $62.41. The stock has a market capitalization of $24.27 billion, a PE ratio of 28.07, a P/E/G ratio of 2.47 and a beta of 0.61. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $3.01 billion. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eversource Energy

A number of hedge funds have recently modified their holdings of ES. Neo Ivy Capital Management purchased a new position in Eversource Energy during the second quarter worth about $26,000. Trust Co. of Toledo NA OH purchased a new position in Eversource Energy during the second quarter worth about $28,000. Elevation Point Wealth Partners LLC purchased a new position in Eversource Energy during the second quarter worth about $31,000. Hilltop National Bank purchased a new position in Eversource Energy during the second quarter worth about $32,000. Finally, Pinney & Scofield Inc. purchased a new position in Eversource Energy during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.

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