Eversource Energy Expected to Earn FY2027 Earnings of $5.45 Per Share (NYSE:ES)

Eversource Energy (NYSE:ES) – Equities researchers at Seaport Res Ptn issued their FY2027 earnings estimates for shares of Eversource Energy in a research note issued on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings of $5.45 per share for the year. The consensus estimate for Eversource Energy’s current full-year earnings is $4.51 per share.

Other equities analysts have also recently issued reports about the stock. Citigroup boosted their target price on shares of Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $60.00 to $72.00 in a research note on Monday, January 22nd. Mizuho upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $54.00 to $62.00 in a research note on Thursday, February 15th. Argus decreased their target price on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Finally, Wells Fargo & Company boosted their target price on shares of Eversource Energy from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and an average price target of $65.85.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $59.44 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $78.64. The company has a 50 day simple moving average of $58.94 and a two-hundred day simple moving average of $57.95. The stock has a market cap of $20.85 billion, a price-to-earnings ratio of -47.17, a PEG ratio of 3.24 and a beta of 0.58.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was down 11.1% on a year-over-year basis.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Monday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.68. Eversource Energy’s dividend payout ratio is currently -226.98%.

Insider Transactions at Eversource Energy

In other news, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the sale, the insider now owns 21,621 shares of the company’s stock, valued at $1,245,369.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $57.60, for a total value of $156,326.40. Following the sale, the insider now owns 21,621 shares of the company’s stock, valued at $1,245,369.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the transaction, the insider now owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Eversource Energy

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC raised its position in shares of Eversource Energy by 7.0% during the 3rd quarter. SG Americas Securities LLC now owns 32,723 shares of the utilities provider’s stock worth $1,903,000 after acquiring an additional 2,131 shares in the last quarter. UMB Bank n.a. raised its position in shares of Eversource Energy by 130.9% during the 3rd quarter. UMB Bank n.a. now owns 642 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 364 shares in the last quarter. Czech National Bank raised its position in shares of Eversource Energy by 47.8% during the 3rd quarter. Czech National Bank now owns 61,014 shares of the utilities provider’s stock worth $3,548,000 after acquiring an additional 19,719 shares in the last quarter. Presima Securities ULC raised its position in shares of Eversource Energy by 24.9% during the 3rd quarter. Presima Securities ULC now owns 13,530 shares of the utilities provider’s stock worth $787,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Spirit of America Management Corp NY raised its position in shares of Eversource Energy by 26.8% during the 3rd quarter. Spirit of America Management Corp NY now owns 8,050 shares of the utilities provider’s stock worth $468,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.