Eversource Energy (ES) Stock AnalysisESEversource Energy

Eversource Energy is a utility holding company, which is engaged in the energy delivery business through its utility subsidiaries. The Company's segments include Electric Distribution, Electric Transmission, and Natural Gas Distribution. The Electric Distribution segment is engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts and New Hampshire, respectively, and the solar power facilities of NSTAR Electric Company. The NSTAR Electric Company's distribution business consists primarily of the purchase, delivery and sale of electricity to its residential, commercial and industrial customers. The Electric Transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The Natural Gas Distribution segment is engaged in the distribution and sale of natural gas to customers. It operates in the Utilities sector (ELECTRIC SERVICES industry).

Eversource Energy is a good buy right now due to its current price of $65.73, which is below the analyst price targets of $74 and $81, indicating potential upside. The forward P/E ratio of 13.28 suggests the stock is undervalued compared to its earnings growth expectations. Additionally, the stock has a solid dividend yield exceeding 5%, which provides a steady income stream for long-term investors. However, a risk to consider is the recent 20-day change of -4.07%, indicating some volatility.

14 analysts cover ES: 6 rate it Buy, 7 Hold and 1 Sell. The average price target is 71.91.