New insider activity at Eversource Energy ( (ES) ) has taken place on February 22, 2025.
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Trustee Linda Dorcena Forry recently sold 1,000 shares of Eversource Energy stock, with the transaction valued at $63,050.
Recent Updates on ES stock
Eversource Energy’s recent developments include a series of price target adjustments by analysts, driven by mixed financial results and strategic decisions. Scotiabank lowered its price target, citing a lack of near-term catalysts and maintaining a bearish outlook. Wells Fargo also reduced its target due to a lower assumed price to earnings multiple, despite acknowledging modest EPS improvements. Eversource reported a significant financial turnaround with strong 2024 earnings and strategic growth across business segments. The company’s decision to divest from offshore wind investments and sell Aquarion Water Company for $2.4 billion aims to strengthen its balance sheet. However, challenges such as regulatory uncertainties and a negative outlook from Moody’s, coupled with potential equity dilution, present hurdles. Eversource’s ambitious $24.2 billion infrastructure investment plan from 2025 to 2029 underscores its commitment to growth, amidst these challenges.
More about Eversource Energy
YTD Price Performance: 10.53%
Average Trading Volume: 2,686,616
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.26B