Brokerages Set Eversource Energy (NYSE:ES) Target Price at $64.38

Shares of Eversource Energy (NYSE:ES) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.3750.

A number of analysts recently issued reports on ES shares. Mizuho increased their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Bank of America increased their price objective on Eversource Energy from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, July 21st.

Insider Transactions at Eversource Energy

In related news, insider Loretta D. Keane acquired 3,780 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $66.07 per share, with a total value of $249,744.60. Following the acquisition, the insider owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. This trade represents a 45.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Eversource Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Neo Ivy Capital Management purchased a new position in shares of Eversource Energy during the second quarter worth about $26,000. Trust Co. of Toledo NA OH purchased a new position in Eversource Energy in the 2nd quarter worth approximately $28,000. Elevation Point Wealth Partners LLC purchased a new position in Eversource Energy in the 2nd quarter worth approximately $31,000. Hilltop National Bank bought a new position in shares of Eversource Energy in the 2nd quarter worth $32,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of Eversource Energy during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.9%

ES stock opened at $67.62 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. The company has a market capitalization of $25.09 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.52 and a beta of 0.64. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.47. The stock has a fifty day moving average of $65.14 and a 200-day moving average of $62.91.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%.The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, equities research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a yield of 4.5%. Eversource Energy’s dividend payout ratio is 129.18%.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.