Eversource Energy (NYSE:ES) Stock Has Consensus Target Price of $72.92 According to Analysts

Eversource Energy (NYSE:ES) has received a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $72.92.

Several equities research analysts recently weighed in on ES shares. Weiss Ratings raised shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. BMO Capital Markets lowered their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Citigroup reiterated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research note on Monday, July 27th. Capital One Financial set a $73.00 target price on Eversource Energy in a report on Wednesday, July 1st. Finally, Argus cut Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th.

Hedge Funds Weigh In On Eversource Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Eversource Energy in the 2nd quarter worth $3,086,413,000. Legal & General Group Plc purchased a new position in Eversource Energy during the second quarter valued at $359,215,000. Norges Bank purchased a new position in Eversource Energy during the fourth quarter valued at $324,032,000. Deutsche Bank AG bought a new stake in Eversource Energy during the second quarter valued at about $311,548,000. Finally, Hsbc Holdings PLC bought a new stake in Eversource Energy during the second quarter valued at about $272,105,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES opened at $63.33 on Friday. The stock has a 50-day moving average price of $70.70 and a 200-day moving average price of $70.32. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.80 and a quick ratio of 0.74. The firm has a market cap of $23.85 billion, a PE ratio of 16.41, a P/E/G ratio of 2.76 and a beta of 0.69. Eversource Energy has a 1 year low of $62.72 and a 1 year high of $76.57.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. Eversource Energy’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts predict that Eversource Energy will post 4.65 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 5.0%. The ex-dividend date is Monday, September 21st. Eversource Energy’s dividend payout ratio (DPR) is presently 81.61%.

About Eversource Energy

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.