Eversource Energy (NYSE:ES - Free Report) - Equities researchers at Scotiabank issued their FY2024 earnings per share (EPS) estimates for Eversource Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst A. Weisel forecasts that the utilities provider will post earnings of $4.57 per share for the year. Scotiabank has a "Sector Underperform" rating and a $56.00 price target on the stock. The consensus estimate for Eversource Energy's current full-year earnings is $4.56 per share. Scotiabank also issued estimates for Eversource Energy's FY2025 earnings at $4.85 EPS.
Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the company posted $0.97 EPS. The firm's revenue was up 9.7% on a year-over-year basis.
Several other research analysts also recently weighed in on ES. Mizuho upped their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on Eversource Energy in a report on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price target on the stock. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Saturday, December 21st. Finally, Barclays boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $68.38.
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Eversource Energy Stock Performance
Shares of NYSE ES opened at $55.69 on Monday. The stock has a market cap of $20.40 billion, a PE ratio of -35.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The firm has a fifty day moving average price of $59.91 and a 200-day moving average price of $62.95. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.
Eversource Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.715 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 5.14%. Eversource Energy's payout ratio is currently -182.17%.
Institutional Trading of Eversource Energy
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ST Germain D J Co. Inc. lifted its stake in Eversource Energy by 18.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 35,335 shares of the utilities provider's stock worth $2,029,000 after purchasing an additional 5,577 shares during the last quarter. Bangor Savings Bank raised its holdings in shares of Eversource Energy by 41.2% in the fourth quarter. Bangor Savings Bank now owns 853 shares of the utilities provider's stock worth $49,000 after buying an additional 249 shares during the period. Pensionfund Sabic lifted its stake in shares of Eversource Energy by 36.6% during the 4th quarter. Pensionfund Sabic now owns 23,500 shares of the utilities provider's stock worth $1,350,000 after acquiring an additional 6,300 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Eversource Energy by 41.7% during the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock valued at $99,554,000 after acquiring an additional 510,582 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Eversource Energy by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,109 shares of the utilities provider's stock valued at $96,502,000 after acquiring an additional 13,908 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.
Eversource Energy Company Profile
(
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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.
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