New insider activity at Eversource Energy ( (ES) ) has taken place on March 4, 2025.
Gregory Butler, the Executive Vice President and General Counsel at Eversource Energy, has recently sold 12,000 shares of the company’s stock. This transaction amounted to a total value of $752,040.
Recent Updates on ES stock
Recent developments regarding Eversource Energy’s stock include several price target adjustments by analysts. Scotiabank lowered its price target due to a lack of near-term catalysts that could drive a positive rerating, maintaining a bearish outlook on the stock. Wells Fargo also reduced its price target, citing a lower assumed relative price to earnings multiple and updated EPS outlook post-Q4 disclosures, despite keeping an Overweight rating. Eversource’s Q4 earnings report revealed a significant financial turnaround, with strong performance across its business segments and strategic divestitures, such as the sale of Aquarion Water Company, aimed at strengthening its balance sheet. The company plans substantial infrastructure investments and projects a 5-7% annual earnings growth rate. However, challenges such as regulatory uncertainties, potential equity dilution, and a negative outlook from Moody’s temper the positive outlook.
More about Eversource Energy
YTD Price Performance: 9.89%
Average Trading Volume: 2,829,005
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.12B