Eversource Energy (NYSE:ES) Releases FY 2024 Earnings Guidance

Eversource Energy (NYSE:ES - Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 4.520-4.600 for the period, compared to the consensus earnings per share estimate of 4.560. The company issued revenue guidance of -. Eversource Energy also updated its FY24 guidance to $4.52-$4.60 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ES shares. BMO Capital Markets decreased their price objective on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a research note on Tuesday, October 15th. Bank of America upped their price target on Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Scotiabank boosted their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Finally, Mizuho increased 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. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy currently has a consensus rating of "Hold" and an average price target of $70.07.

Eversource Energy Stock Down 0.4 %

Shares of ES traded down $0.27 during midday trading on Monday, hitting $63.40. The stock had a trading volume of 2,063,329 shares, compared to its average volume of 2,391,751. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of -235.81, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. The company has a 50 day simple moving average of $66.42 and a two-hundred day simple moving average of $62.79. Eversource Energy has a twelve month low of $52.09 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Monday, September 23rd. Eversource Energy's dividend payout ratio (DPR) is currently -1,059.26%.

Insider Activity

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now directly owns 9,032 shares of the company's stock, valued at $591,596. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Penelope M. Conner sold 500 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares in the company, valued at approximately $639,464.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.

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