Wells Fargo & Company Issues Positive Forecast for Eversource Energy (NYSE:ES) Stock Price
by Scott Moore · The Cerbat GemEversource Energy (NYSE:ES – Free Report) had its price target increased by Wells Fargo & Company from $74.00 to $75.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.
ES has been the subject of a number of other reports. UBS Group lowered their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. BMO Capital Markets decreased their price objective on Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, March 23rd. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Scotiabank decreased their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a research report on Tuesday, April 21st. Finally, Argus upgraded Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and an average target price of $71.90.
Check Out Our Latest Report on ES
Eversource Energy Stock Performance
Shares of ES stock opened at $66.44 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a market cap of $24.97 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 4.44 and a beta of 0.74. The stock has a 50-day moving average of $70.42 and a 200-day moving average of $69.97. Eversource Energy has a one year low of $60.62 and a one year high of $76.41.
Eversource Energy (NYSE:ES – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a return on equity of 11.70% and a net margin of 12.55%.Eversource Energy’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, sell-side analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.
Eversource Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th will be issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, May 18th. Eversource Energy’s dividend payout ratio is presently 67.31%.
Insider Activity
In other news, insider Cotton M. Cleveland sold 2,581 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was 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. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Y. Kim sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the sale, the insider directly owned 12,339 shares of the company’s stock, valued at approximately $907,780.23. The trade was a 32.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,381 shares of company stock valued at $1,211,079. 0.18% of the stock is owned by insiders.
Institutional Investors Weigh In On Eversource Energy
Several large investors have recently made changes to their positions in the stock. Lodestone Wealth Management LLC bought a new position in Eversource Energy during the 4th quarter worth $25,000. Root Financial Partners LLC bought a new position in Eversource Energy during the 3rd quarter worth $26,000. Activest Wealth Management increased its position in Eversource Energy by 2,337.5% during the 4th quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eversource Energy during the 3rd quarter worth $27,000. Finally, TFC Financial Management Inc. increased its position in Eversource Energy by 2,857.1% during the 4th quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.
Trending Headlines about Eversource Energy
Here are the key news stories impacting Eversource Energy this week:
- Positive Sentiment: Wells Fargo raised its price target on Eversource Energy to $75 from $74 and kept an overweight rating, signaling continued upside potential after the company’s recent results. Benzinga
- Positive Sentiment: Eversource reported first-quarter earnings of $1.73 per share, topping expectations, while revenue also beat estimates, which supports the case for improved near-term fundamentals. Zacks
- Positive Sentiment: The company also raised its 2026-2030 capital plan by $2.3 billion, indicating more investment in its regulated utility base and growth projects. Zacks
- Neutral Sentiment: Eversource announced a quarterly dividend of $0.7875 per share, supporting its appeal to income-focused investors, with a yield of about 4.7%.
- Negative Sentiment: Management cut its annual profit forecast due to lower rates, which raises concern that earnings growth may be more limited than previously expected. Reuters
- Negative Sentiment: Articles highlighting that the stock has lagged the broader market and that analysts remain cautious suggest investor sentiment is still mixed despite the earnings beat. Barchart
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.