Eversource Energy (NYSE:ES) Given New $73.00 Price Target at Bank of America

Eversource Energy (NYSE:ES) had its price target trimmed by Bank of America from $82.00 to $73.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the utilities provider’s stock.

Several other research analysts also recently weighed in on ES. Wells Fargo & Company upgraded Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $71.00 to $78.00 in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. UBS Group lowered their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. Finally, BMO Capital Markets cut their target price on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.30.

Eversource Energy Price Performance

NYSE:ES opened at $67.53 on Friday. 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 business’s 50-day simple moving average is $71.32 and its two-hundred day simple moving average is $69.99. The stock has a market cap of $25.36 billion, a PE ratio of 14.78, a P/E/G ratio of 2.94 and a beta of 0.76. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $76.41.

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

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio is presently 68.93%.

Insider Transactions at Eversource Energy

In other news, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 79,364 shares of the company’s stock, valued at $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 available at the SEC website. Also, EVP John M. Moreira sold 7,800 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total value of $576,420.00. Following the transaction, the executive vice president owned 43,269 shares of the company’s stock, valued at $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. Insiders have sold 16,381 shares of company stock valued at $1,211,079 in the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Eversource Energy

Several institutional investors have recently bought and sold shares of ES. Vanguard Group Inc. increased its holdings in shares of Eversource Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock worth $3,198,996,000 after buying an additional 697,829 shares during the last quarter. State Street Corp lifted its holdings in shares of Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock valued at $1,886,119,000 after acquiring an additional 1,265,802 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Eversource Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after acquiring an additional 194,781 shares during the last quarter. Victory Capital Management Inc. grew its position in Eversource Energy by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock worth $642,747,000 after acquiring an additional 3,645,555 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its position in Eversource Energy by 6.5% in the third quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock worth $526,919,000 after acquiring an additional 454,658 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Key Stories Impacting Eversource Energy

Here are the key news stories impacting Eversource Energy this week:

• Positive Sentiment: Argus upgraded Eversource, which supports investor confidence and suggests upside vs. recent weakness. Eversource Energy Upgraded at Argus
• Neutral Sentiment: Bank of America cut its price target (from $82 to $73) but kept a “buy” rating, signaling view that the shares still have upside despite the regulatory headwinds. Benzinga: Bank of America coverage
• Negative Sentiment: Regulatory ruling: 24/7 Wall St. reports FERC’s ROE reset creates refund risk for utilities, a primary driver of the recent pullback in Eversource shares as investors price in potential rate adjustments and earnings pressure. Eversource Takes a Hit as Regulators Reset ROE and Trigger Refund Risk
• Negative Sentiment: UBS lowered its price target to $74 and moved to a “neutral” view, indicating less upside and contributing to selling pressure. Benzinga: UBS coverage
• Negative Sentiment: Mizuho trimmed its target to $70 and shifted to “neutral,” another downgrade that reinforces market caution on ROE/regulatory risk. Benzinga: Mizuho coverage
• Negative Sentiment: BMO reduced its price recommendation (reported by InsiderMonkey), citing the ROE ruling as the rationale—adding to the chorus of analyst cuts pressuring the stock. Eversource Energy (ES) Price Target Reduced by BMO Capital on ROE Ruling

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.