Eversource Energy (NYSE:ES) Issues Quarterly Earnings Results

Eversource Energy (NYSE:ES - Get Free Report) announced its earnings results on Tuesday. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.01, Zacks reports. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy updated its FY 2025 guidance to 4.520-4.600 EPS.

Eversource Energy Stock Down 1.5 %

Shares of ES traded down $0.93 during trading hours on Friday, hitting $61.57. 3,268,740 shares of the company were exchanged, compared to its average volume of 3,088,778. The company has a market cap of $22.56 billion, a PE ratio of -39.22, a PEG ratio of 2.25 and a beta of 0.62. The firm's 50 day moving average is $57.95 and its 200-day moving average is $62.66. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Tuesday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is -182.17%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays dropped their price target on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Jefferies Financial Group dropped their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, Scotiabank dropped their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Eversource Energy presently has an average rating of "Hold" and a consensus price target of $67.00.

About Eversource Energy

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.