Eversource Energy (NYSE:ES) Price Target Cut to $74.00 by Analysts at UBS Group

Eversource Energy (NYSE:ES) had its target price cut by equities research analysts at UBS Group from $80.00 to $74.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. UBS Group’s target price would indicate a potential upside of 9.16% from the stock’s previous close.

ES has been the topic of several other research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Mizuho decreased their target price on Eversource Energy from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday. Bank of America cut their price target on Eversource Energy from $82.00 to $73.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company upgraded shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $71.00 to $78.00 in a report on Tuesday, February 17th. Finally, Argus raised shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average target price of $72.30.

Eversource Energy Stock Down 0.2%

NYSE ES traded down $0.17 on Friday, reaching $67.79. The company had a trading volume of 497,719 shares, compared to its average volume of 2,659,615. The company’s fifty day moving average is $71.37 and its 200-day moving average is $69.96. The firm has a market capitalization of $25.46 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 2.90 and a beta of 0.76. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.65. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $76.41.

Eversource Energy (NYSE:ES) last issued its quarterly 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. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

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 value of $193,239.47. Following the completion of the sale, the insider owned 79,364 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 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 completion of the transaction, the insider owned 12,339 shares in the company, valued at $907,780.23. This trade represents a 32.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,381 shares of company stock valued at $1,211,079 in the last ninety days. 0.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Eversource Energy

A number of institutional investors have recently bought and sold shares of ES. Vanguard Group Inc. raised its position in shares of Eversource Energy by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 47,512,198 shares of the utilities provider’s stock valued at $3,198,996,000 after buying an additional 697,829 shares in the last quarter. State Street Corp increased its stake in Eversource Energy by 4.7% during the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after acquiring an additional 1,265,802 shares during the period. Geode Capital Management LLC raised its holdings in Eversource Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,635,907 shares of the utilities provider’s stock valued at $646,233,000 after acquiring an additional 194,781 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Eversource Energy by 61.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after acquiring an additional 3,645,555 shares in the last quarter. Finally, Magellan Asset Management Ltd lifted its position in shares of Eversource Energy by 6.5% during the 3rd quarter. Magellan Asset Management Ltd now owns 7,406,785 shares of the utilities provider’s stock valued at $526,919,000 after acquiring an additional 454,658 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.