Weekly Investment Analysts’ Ratings Updates for Eversource Energy (ES)

Several brokerages have updated their recommendations and price targets on shares of Eversource Energy (NYSE: ES) in the last few weeks:

• 10/17/2024 – Eversource Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/15/2024 – Eversource Energy had its price target lowered by analysts at BMO Capital Markets from $74.00 to $72.00. They now have a “market perform” rating on the stock.
• 10/15/2024 – Eversource Energy had its price target raised by analysts at Barclays PLC from $69.00 to $72.00. They now have an “equal weight” rating on the stock.
• 10/3/2024 – Eversource Energy had its price target raised by analysts at BMO Capital Markets from $70.00 to $74.00. They now have a “market perform” rating on the stock.
• 10/2/2024 – Eversource Energy had its price target raised by analysts at Mizuho from $62.00 to $73.00. They now have an “outperform” rating on the stock.
• 8/29/2024 – Eversource Energy had its price target raised by analysts at Bank of America Co. from $67.00 to $68.00. They now have a “neutral” rating on the stock.

Eversource Energy Stock Performance

Shares of ES stock opened at $67.09 on Thursday. The business’s 50 day simple moving average is $66.49 and its 200 day simple moving average is $62.43. Eversource Energy has a one year low of $52.03 and a one year high of $69.01. The stock has a market capitalization of $23.63 billion, a PE ratio of -56.86, a PEG ratio of 2.49 and a beta of 0.61. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts forecast that Eversource Energy will post 4.57 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s payout ratio is -242.37%.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares of the company’s stock, valued at $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the sale, the executive vice president now directly owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Penelope M. Conner sold 815 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the sale, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Eversource Energy by 26.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,250 shares of the utilities provider’s stock worth $2,042,000 after acquiring an additional 6,409 shares during the period. Parcion Private Wealth LLC bought a new position in shares of Eversource Energy during the 3rd quarter worth $210,000. Louisiana State Employees Retirement System grew its stake in shares of Eversource Energy by 1.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after acquiring an additional 200 shares during the period. Spirit of America Management Corp NY grew its stake in shares of Eversource Energy by 23.8% during the 3rd quarter. Spirit of America Management Corp NY now owns 11,950 shares of the utilities provider’s stock worth $813,000 after acquiring an additional 2,300 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in shares of Eversource Energy by 11.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 155,244 shares of the utilities provider’s stock worth $10,564,000 after acquiring an additional 15,921 shares during the period. Institutional investors own 79.99% of the company’s stock.

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.