Mizuho Cuts Eversource Energy (NYSE:ES) Price Target to $70.00

Eversource Energy (NYSE:ES) had its target price cut by analysts at Mizuho from $75.00 to $70.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price objective would suggest a potential upside of 2.27% from the company’s current price.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. UBS Group cut their price objective on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Bank of America reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday, March 2nd. Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday. Finally, BMO Capital Markets lowered their price target on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.40.

Eversource Energy Price Performance

ES opened at $68.44 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $25.70 billion, a P/E ratio of 14.95, a PEG ratio of 2.92 and a beta of 0.76. The stock has a 50-day moving average price of $71.41 and a 200-day moving average price of $69.98. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $76.41.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.Eversource Energy’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 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. Equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP John M. Moreira sold 7,800 shares of the stock in a transaction on 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 sale, the executive vice president owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This represents a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Y. Kim sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the sale, the insider directly owned 12,339 shares in the company, valued at approximately $907,780.23. This trade represents a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 16,381 shares of company stock worth $1,211,079. Insiders own 0.41% of the company’s stock.

Institutional Trading of Eversource Energy

Several large investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new position in Eversource Energy during the 3rd quarter valued at approximately $26,000. Lodestone Wealth Management LLC bought a new stake in shares of Eversource Energy in the 4th quarter worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eversource Energy during the third quarter valued at approximately $27,000. Activest Wealth Management raised its holdings in shares of Eversource Energy by 2,337.5% during the fourth 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, TFC Financial Management Inc. raised its holdings in shares of Eversource Energy by 2,857.1% during the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 400 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

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.