Eversource Energy (NYSE:ES) Price Target Raised to $74.00 at Mizuho

Eversource Energy (NYSE:ES) had its price target increased by investment analysts at Mizuho from $70.00 to $74.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price objective would suggest a potential upside of 3.13% from the company’s previous close.

A number of other analysts have also weighed in on ES. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company upped their price target on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. BMO Capital Markets cut their target price on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Scotiabank cut their price objective on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. Finally, Weiss Ratings raised Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.92.

Eversource Energy Stock Up 0.2%

ES opened at $71.76 on Monday. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.57. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The business’s 50-day moving average price is $71.83 and its 200-day moving average price is $70.77. The company has a market cap of $26.99 billion, a P/E ratio of 18.59, a P/E/G ratio of 5.28 and a beta of 0.70.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.34% and a net margin of 10.35%.The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the business posted $0.96 EPS. Eversource Energy’s quarterly revenue was up 2.3% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts expect that Eversource Energy will post 4.64 EPS for the current year.

Insider Transactions at Eversource Energy

In related news, VP Gregory B. Butler sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eversource Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Eversource Energy by 8.9% during the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after buying an additional 1,319 shares during the period. Woodline Partners LP lifted its holdings in Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares in the last quarter. Acadian Asset Management LLC grew its stake in Eversource Energy by 115.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 801 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Eversource Energy by 87.9% during the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after acquiring an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in Eversource Energy by 4.6% in the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 349 shares in the last quarter. Hedge funds and other institutional investors 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.