Eversource Energy (NYSE:ES) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Eversource Energy (NYSE:ES) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $67.71 and traded as high as $67.93. Eversource Energy shares last traded at $67.75, with a volume of 1,932,888 shares traded.

Analyst Upgrades and Downgrades

ES has been the topic of several research reports. Citigroup reaffirmed a “hold” rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Wells Fargo & Company increased their price objective on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. HSBC started coverage on Eversource Energy in a research report on Thursday, October 22nd. They set a “hold” rating and a $70.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on Eversource Energy from $73.00 to $68.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $72.91.

Eversource Energy Trading Up 0.3%

The stock has a fifty day simple moving average of $67.71 and a 200-day simple moving average of $70.02.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.99 billion. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.63 EPS for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.15 annualized dividend and a yield of 4.6%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC increased its stake in Eversource Energy by 220.2% in the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 240 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Eversource Energy during the second quarter worth $26,000. First Bancorp Inc ME bought a new position in shares of Eversource Energy during the second quarter worth $30,000. Keating Financial Advisory Services Inc. bought a new position in shares of Eversource Energy during the second quarter worth $36,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Eversource Energy in the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.