Eversource Energy (NYSE:ES) Given New $75.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets cut its price target on Eversource to $75 from $79 and kept a "market perform" rating, implying roughly an 11.5% upside from the current price.
• Eversource beat quarterly estimates—EPS $1.12 vs. $1.10 and revenue rose 13.4% year-over-year—and set FY2026 guidance of 4.800–4.950 EPS, roughly in line with analysts' expectations.
• The analyst consensus is a "Hold" with a $73.90 consensus price target, while insiders sold about 16,381 shares (~$1.21M) recently and institutions own roughly 80% of the stock.

Eversource Energy (NYSE:ES - Get Free Report) had its price target decreased by investment analysts at BMO Capital Markets from $79.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the utilities provider's stock. BMO Capital Markets' price target would suggest a potential upside of 11.46% from the company's current price.

ES has been the topic of several other research reports. Bank of America restated a "buy" rating on shares of Eversource Energy in a report on Monday, March 2nd. Mizuho lifted their target price on Eversource Energy from $69.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Eversource Energy in a report on Monday, November 24th. Weiss Ratings restated a "hold (c+)" rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company upgraded shares of Eversource Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $71.00 to $78.00 in a research report on Tuesday, February 17th. Three 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 data from MarketBeat, Eversource Energy has a consensus rating of "Hold" and a consensus price target of $73.90.

Eversource Energy Price Performance

NYSE:ES opened at $67.29 on Monday. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $76.41. The stock's fifty day moving average is $71.51 and its two-hundred day moving average is $69.94. The company has a market capitalization of $25.27 billion, a P/E ratio of 14.72, a P/E/G ratio of 2.89 and a beta of 0.76. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.02. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The business's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Equities analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Insider Buying and Selling at Eversource Energy

In other news, insider Cotton M. Cleveland sold 2,581 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares of the company's stock, valued at $5,941,982.68. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John M. Moreira sold 7,800 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.90, for a total value of $576,420.00. Following the sale, the executive vice president owned 43,269 shares of the company's stock, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,381 shares of company stock worth $1,211,079 in the last quarter. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Eversource Energy

Large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its position in Eversource Energy by 15.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,101 shares of the utilities provider's stock worth $748,000 after purchasing an additional 1,458 shares in the last quarter. World Investment Advisors raised its holdings in Eversource Energy by 82.0% in the fourth quarter. World Investment Advisors now owns 7,564 shares of the utilities provider's stock valued at $509,000 after buying an additional 3,407 shares during the period. Corient Private Wealth LLC lifted its position in Eversource Energy by 26.2% during the fourth quarter. Corient Private Wealth LLC now owns 77,101 shares of the utilities provider's stock valued at $5,192,000 after buying an additional 16,021 shares in the last quarter. Union Savings Bank purchased a new stake in Eversource Energy during the fourth quarter worth approximately $841,000. Finally, SHP Wealth Management purchased a new stake in Eversource Energy during the fourth quarter worth approximately $1,917,000. 79.99% of the stock is currently owned by hedge funds and other 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.

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