Eversource Energy (NYSE:ES) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Eversource Energy (NYSE:ES) had its price objective decreased by JPMorgan Chase & Co. from $73.00 to $68.00 in a research report report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the utilities provider’s stock.

A number of other research firms also recently weighed in on ES. 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. Mizuho boosted their price target on shares of Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Citigroup restated a “hold” rating and issued a $81.00 price target on shares of Eversource Energy in a research report on Monday, July 27th. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, Capital One Financial set a $73.00 price objective on shares of Eversource Energy in a research report on Wednesday, July 1st. Four equities 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $73.20.

Eversource Energy Stock Up 0.2%

Shares of ES opened at $65.59 on Monday. The company has a market capitalization of $24.70 billion, a PE ratio of 13.33, a PEG ratio of 2.85 and a beta of 0.67. Eversource Energy has a 12 month low of $62.72 and a 12 month high of $76.57. The stock’s 50-day moving average price is $68.05 and its two-hundred day moving average price is $69.76. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

Eversource Energy (NYSE:ES) last issued its quarterly 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. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, analysts anticipate that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a dividend of $0.7875 per share. The ex-dividend date was Monday, September 21st. This represents a $3.15 annualized dividend and a dividend yield of 4.8%. Eversource Energy’s dividend payout ratio is presently 81.61%.

Institutional Investors Weigh In On Eversource Energy

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Eversource Energy in the second quarter valued at approximately $3,086,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Eversource Energy by 1.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,620,413 shares of the utilities provider’s stock worth $478,457,000 after buying an additional 88,163 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Eversource Energy during the 2nd quarter worth approximately $359,215,000. Deutsche Bank AG bought a new position in shares of Eversource Energy during the 2nd quarter worth approximately $311,548,000. Finally, Hsbc Holdings PLC bought a new position in shares of Eversource Energy during the 2nd quarter worth approximately $272,105,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.