Eversource Energy (NYSE:ES - Free Report) - Stock analysts at Seaport Res Ptn lifted their FY2026 earnings per share (EPS) estimates for shares of Eversource Energy in a research note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $5.06 for the year, up from their prior estimate of $5.05. The consensus estimate for Eversource Energy's current full-year earnings is $4.56 per share. Seaport Res Ptn also issued estimates for Eversource Energy's FY2027 earnings at $5.38 EPS.
Several other brokerages also recently commented on ES. Barclays raised their price objective on Eversource Energy from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Scotiabank downgraded Eversource Energy from a "sector perform" rating to a "sector underperform" rating and dropped their price objective for the stock from $66.00 to $56.00 in a research note on Thursday, December 12th. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Saturday, December 21st. BMO Capital Markets dropped their price target on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating on the stock in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Eversource Energy in a research note on Tuesday, December 3rd. They issued an "underperform" rating and a $52.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of "Hold" and an average target price of $68.38.
Check Out Our Latest Stock Analysis on ES
Eversource Energy Trading Up 1.2 %
Shares of ES stock traded up $0.65 during trading hours on Wednesday, reaching $56.73. The company had a trading volume of 2,177,850 shares, compared to its average volume of 1,910,050. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of -36.13, a P/E/G 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 company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The company has a 50 day moving average of $60.25 and a 200 day moving average of $62.93.
Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 EPS.
Hedge Funds Weigh In On Eversource Energy
Hedge funds and other institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. grew its holdings in Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider's stock worth $2,151,000 after purchasing an additional 10,093 shares during the period. Soltis Investment Advisors LLC bought a new position in Eversource Energy during the third quarter worth about $3,616,000. Toronto Dominion Bank grew its holdings in Eversource Energy by 23.2% during the second 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. State Street Corp grew its holdings in Eversource Energy by 1.7% during the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider's stock worth $1,737,990,000 after purchasing an additional 430,587 shares during the period. Finally, Banque Cantonale Vaudoise grew its holdings in Eversource Energy by 94.0% during the third quarter. Banque Cantonale Vaudoise now owns 57,425 shares of the utilities provider's stock worth $3,908,000 after purchasing an additional 27,817 shares during the period. Institutional investors own 79.99% of the company's stock.
Eversource Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 5.04%. The ex-dividend date was Wednesday, December 18th. Eversource Energy's payout ratio is -182.17%.
About Eversource Energy
(
Get Free Report)
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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