Eversource Energy (NYSE:ES) Reaches New 1-Year High – Still a Buy?

Shares of Eversource Energy (NYSE:ES) reached a new 52-week high on Tuesday . The company traded as high as $75.28 and last traded at $75.2390, with a volume of 2335727 shares. The stock had previously closed at $74.87.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank lowered their target price on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a report on Thursday, November 20th. BMO Capital Markets lifted their price target on shares of Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, November 24th. Wells Fargo & Company raised Eversource Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $71.00 to $78.00 in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. cut their target price on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Stock Up 0.1%

The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The firm’s 50 day moving average price is $69.42 and its two-hundred day moving average price is $68.91. The firm has a market cap of $28.16 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 3.24 and a beta of 0.77.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business earned $1.01 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be given a $0.7875 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. Eversource Energy’s payout ratio is 65.86%.

Insider Buying and Selling at Eversource Energy

In other news, insider Cotton M. Cleveland sold 2,581 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total transaction of $193,239.47. Following the transaction, the insider directly owned 79,364 shares in the company, valued at $5,941,982.68. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Y. Kim sold 6,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the transaction, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. This represents a 32.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 16,381 shares of company stock valued at $1,211,079. 0.41% of the stock is owned by company insiders.

Institutional Trading of Eversource Energy

Institutional investors have recently added to or reduced their stakes in the stock. Lodestone Wealth Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter valued at approximately $25,000. Neo Ivy Capital Management acquired a new position in shares of Eversource Energy during the 2nd quarter worth $26,000. Root Financial Partners LLC acquired a new stake in Eversource Energy in the 3rd quarter valued at about $26,000. Activest Wealth Management increased its holdings in Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 374 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Eversource Energy in the third quarter valued at about $27,000. 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.