New insider activity at Eversource Energy ( (ES) ) has taken place on March 1, 2025.
Director Penelope M Conner recently sold 1,000 shares of Eversource Energy stock, amounting to a total of $63,630. Additionally, Trustee Cotton Cleveland sold 7,749 shares, with the transaction valued at $492,061.
Recent Updates on ES stock
Recent developments for Eversource Energy have seen mixed analyst reactions, with Scotiabank lowering its price target due to a lack of near-term catalysts and maintaining a bearish outlook. Wells Fargo also reduced its price target, citing a lower assumed price to earnings multiple and modest EPS estimate increases following Q4 disclosures, while maintaining an Overweight rating. Eversource’s Q4 earnings report highlighted a significant financial turnaround, with strong performance across its business segments and strategic divestitures, such as the sale of Aquarion Water Company for $2.4 billion, aimed at strengthening its balance sheet. Despite these positive developments, challenges remain, including regulatory uncertainties, potential equity dilution, and a negative outlook from Moody’s. Eversource plans substantial infrastructure investments and projects a 5-7% annual earnings growth rate, positioning itself for future growth despite these challenges.
More about Eversource Energy
YTD Price Performance: 8.84%
Average Trading Volume: 2,757,962
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $22.9B