Eversource Energy (NYSE:ES) Rating Increased to Strong-Buy at Argus

Eversource Energy (NYSE:ES) was upgraded by stock analysts at Argus to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also commented on ES. Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $71.00 to $78.00 in a research report on Tuesday, February 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Bank of America restated a “buy” rating on shares of Eversource Energy in a research report on Monday, March 2nd. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. lifted their price target on Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Stock Performance

NYSE:ES opened at $67.42 on Tuesday. The company has a market cap of $25.32 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 2.93 and a beta of 0.76. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $76.41. The stock’s 50 day simple moving average is $71.47 and its two-hundred day simple moving average is $70.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $1.01 EPS. The company’s quarterly 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, equities analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at Eversource Energy

In related news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the completion of the transaction, the executive vice president directly owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. The trade was a 15.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Y. Kim sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the transaction, the insider owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,381 shares of company stock worth $1,211,079. 0.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Lodestone Wealth Management LLC purchased a new stake in shares of Eversource Energy in the fourth quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in Eversource Energy during the 3rd quarter valued at $26,000. Activest Wealth Management boosted 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 during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eversource Energy in the 3rd quarter valued at $27,000. Finally, TFC Financial Management Inc. increased its stake in Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 400 shares during the period. 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.