Eversource Energy (NYSE:ES) Price Target Raised to $79.00

Eversource Energy (NYSE:ES) had its target price raised by analysts at BMO Capital Markets from $75.00 to $79.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 6.68% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Bank of America raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $73.00 to $85.00 in a report on Tuesday, October 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Wednesday, January 28th. UBS Group decreased their price objective on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Mizuho reissued a “neutral” rating and issued a $68.00 target price (down previously from $81.00) on shares of Eversource Energy in a report on Thursday, November 20th. Finally, Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Trading Up 0.9%

ES opened at $74.05 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25. The business’s 50 day moving average is $68.58 and its two-hundred day moving average is $68.53. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 3.16 and a beta of 0.77.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.27%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, research analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Institutional Investors Weigh In On Eversource Energy

Large investors have recently added to or reduced their stakes in the business. State of Wisconsin Investment Board raised its position in Eversource Energy by 13.6% during the fourth quarter. State of Wisconsin Investment Board now owns 257,748 shares of the utilities provider’s stock worth $17,354,000 after acquiring an additional 30,779 shares during the last quarter. Siemens Fonds Invest GmbH increased its stake in shares of Eversource Energy by 5.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 44,572 shares of the utilities provider’s stock worth $3,011,000 after purchasing an additional 2,450 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Eversource Energy during the 4th quarter worth approximately $1,783,000. Aster Capital Management DIFC Ltd purchased a new stake in Eversource Energy in the 4th quarter valued at approximately $58,000. Finally, Oddo BHF Asset Management Sas grew its holdings in Eversource Energy by 28.8% during the 4th quarter. Oddo BHF Asset Management Sas now owns 47,123 shares of the utilities provider’s stock valued at $3,173,000 after buying an additional 10,544 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

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.