Analysts Set Eversource Energy (NYSE:ES) Price Target at $72.92

Shares of Eversource Energy (NYSE:ES) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $72.9167.

Several brokerages have recently commented on ES. Mizuho raised their price objective 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 reiterated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a research report on Monday, July 27th. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Weiss Ratings raised shares of Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, BMO Capital Markets decreased their price target on shares of Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd.

Institutional Trading of Eversource Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC increased its stake in Eversource Energy by 220.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 240 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Eversource Energy in the second quarter valued at $26,000. First Bancorp Inc ME bought a new position in shares of Eversource Energy in the second quarter valued at $30,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $28,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $29,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Performance

ES stock opened at $71.39 on Tuesday. The firm has a market cap of $26.89 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 3.06 and a beta of 0.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The stock has a 50-day moving average price of $72.84 and a 200-day moving average price of $71.11. Eversource Energy has a 1-year low of $62.45 and a 1-year high of $76.57.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Eversource Energy will post 4.64 earnings per share for the current year.

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.