Eversource Energy (NYSE:ES) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Eversource Energy (NYSE:ES) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $72.00 to $75.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 2.09% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. UBS Group reduced their price objective on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Bank of America restated a “buy” rating on shares of Eversource Energy in a research report on Monday, March 2nd. Scotiabank reduced their price target on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, Mizuho boosted their target price on Eversource Energy from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.30.

Eversource Energy Stock Performance

Eversource Energy stock traded down $0.48 during mid-day trading on Thursday, hitting $73.47. 932,146 shares of the company’s stock traded hands, compared to its average volume of 2,544,946. The firm has a 50 day moving average price of $70.91 and a 200 day moving average price of $69.53. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The company has a market cap of $27.59 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.76. Eversource Energy has a one year low of $52.28 and a one year high of $76.41.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Insider Activity

In other news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.87, for a total transaction of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares in the company, valued at approximately $5,941,982.68. This represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John M. Moreira sold 7,800 shares of the firm’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 directly owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. This represents a 15.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,381 shares of company stock worth $1,211,079. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Eversource Energy

A number of hedge funds and other institutional investors have recently modified their holdings of ES. Lodestone Wealth Management LLC acquired a new stake in Eversource Energy during the 4th quarter worth about $25,000. Neo Ivy Capital Management acquired a new position in shares of Eversource Energy in the second quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of Eversource Energy in the third quarter worth approximately $26,000. Activest Wealth Management increased its position in shares of Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 374 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Eversource Energy during the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Company Profile

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.