FY2027 EPS Forecast for Eversource Energy Boosted by Analyst

Eversource Energy (NYSE:ES - Free Report) - Equities research analysts at KeyCorp lifted their FY2027 earnings per share estimates for Eversource Energy in a research note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $5.43 per share for the year, up from their previous estimate of $5.41. The consensus estimate for Eversource Energy's current full-year earnings is $4.56 per share. KeyCorp also issued estimates for Eversource Energy's FY2028 earnings at $5.79 EPS.

ES has been the subject of a number of other research reports. Bank of America raised their target price on Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Jefferies Financial Group assumed coverage on Eversource Energy in a research report on Tuesday. They set an "underperform" rating and a $52.00 price objective for the company. Scotiabank upped their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Mizuho lifted their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $69.15.

Eversource Energy Price Performance

ES traded down $1.86 on Friday, hitting $59.78. The company had a trading volume of 2,574,355 shares, compared to its average volume of 1,891,504. The stock has a fifty day simple moving average of $64.00 and a 200-day simple moving average of $63.03. 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 has a 52-week low of $52.09 and a 52-week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS.

Hedge Funds Weigh In On Eversource Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bensler LLC purchased a new position in shares of Eversource Energy in the 2nd quarter worth $316,000. M&G Plc boosted its position in Eversource Energy by 16.8% in the second quarter. M&G Plc now owns 1,626,685 shares of the utilities provider's stock worth $92,721,000 after purchasing an additional 234,361 shares during the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of Eversource Energy by 46.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider's stock valued at $2,151,000 after purchasing an additional 10,093 shares during the period. Cetera Investment Advisers increased its position in shares of Eversource Energy by 283.2% during the 1st quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider's stock valued at $5,443,000 after purchasing an additional 67,300 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Eversource Energy by 23.2% in the 2nd quarter. Toronto Dominion Bank now owns 134,647 shares of the utilities provider's stock worth $7,636,000 after purchasing an additional 25,377 shares during the period. Institutional investors own 79.99% of the company's stock.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Wednesday, December 18th. Eversource Energy's dividend payout ratio (DPR) is -182.17%.

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.