Scotiabank Reduces Earnings Estimates for Eversource Energy

Eversource Energy (NYSE:ES - Free Report) - Analysts at Scotiabank lowered their FY2025 earnings per share (EPS) estimates for shares of Eversource Energy in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings of $4.73 per share for the year, down from their prior forecast of $4.85. Scotiabank currently has a "Sector Underperform" rating and a $55.00 target price on the stock. The consensus estimate for Eversource Energy's current full-year earnings is $4.75 per share. Scotiabank also issued estimates for Eversource Energy's FY2026 earnings at $5.02 EPS.

Several other equities research analysts have also recently commented on ES. StockNews.com cut Eversource Energy from a "hold" rating to a "sell" rating in a research report on Friday. Wells Fargo & Company dropped their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Jefferies Financial Group dropped their target price on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Finally, Barclays decreased their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $67.45.

Remove Ads

Eversource Energy Stock Up 0.5 %

ES traded up $0.31 during trading on Friday, hitting $61.24. 452,161 shares of the company's stock traded hands, compared to its average volume of 2,169,323. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.35 and a beta of 0.60. The company's 50 day simple moving average is $59.94 and its two-hundred day simple moving average is $61.80. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is currently 130.30%.

Insiders Place Their Bets

In related news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the transaction, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the transaction, the vice president now directly owns 24,374 shares of the company's stock, valued at $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Institutional Trading of Eversource Energy

Several institutional investors have recently made changes to their positions in ES. California State Teachers Retirement System boosted its stake in Eversource Energy by 24.0% in the 4th quarter. California State Teachers Retirement System now owns 1,111,430 shares of the utilities provider's stock worth $63,829,000 after purchasing an additional 215,064 shares during the period. Tableaux LLC bought a new position in shares of Eversource Energy during the fourth quarter worth $529,000. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Eversource Energy during the fourth quarter worth $7,023,000. Siemens Fonds Invest GmbH grew its stake in Eversource Energy by 11.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 35,078 shares of the utilities provider's stock valued at $2,010,000 after acquiring an additional 3,551 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Eversource Energy in the 4th quarter valued at $21,989,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

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.