Eversource Energy (ES) Stock Price, News & Analysis

Company Overview

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. The company operates regulated water utilities that provide water services to approximately 241,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts.

Key Stats

• Today's Range: $64.05 to $64.71
• 50-Day Range: $60.57 to $68.05
• 52-Week Range: $52.09 to $69.01
• Volume: 912,514 shs
• Average Volume: 2.38 million shs
• Market Capitalization: $23.63 billion
• P/E Ratio: N/A
• Dividend Yield: 4.43%
• Price Target: $70.58
• Consensus Rating: Moderate Buy

Eversource Energy Stock Analysis - MarketRank™

Eversource Energy scored higher than 71% of companies evaluated by MarketBeat, and ranked 55th out of 90 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Eversource Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Eversource Energy has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 5.26%

Earnings Growth

Earnings for Eversource Energy are expected to grow by 5.26% in the coming year, from $4.56 to $4.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Eversource Energy is -41.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eversource Energy is -41.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Eversource Energy has a PEG Ratio of 2.58. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Eversource Energy has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.19% of the outstanding shares of Eversource Energy have been sold short.

Short Interest Ratio / Days to Cover

Eversource Energy has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eversource Energy has recently increased by 6.59%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Eversource Energy is a leading dividend payer. It pays a dividend yield of 4.43%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Eversource Energy has been increasing its dividend for 26 years.

Dividend Sustainability

Based on earnings estimates, Eversource Energy will have a dividend payout ratio of 59.58% next year. This indicates that Eversource Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -4.20

Percentage of Shares Shorted

1.19% of the outstanding shares of Eversource Energy have been sold short.

Short Interest Ratio / Days to Cover

Eversource Energy has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eversource Energy has recently increased by 6.59%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.23

News Sentiment

Eversource Energy has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Eversource Energy this week, compared to 8 articles on an average week.

Search Interest

Only 6 people have searched for ES on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Eversource Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eversource Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.41% of the stock of Eversource Energy is held by insiders.

Percentage Held by Institutions

79.99% of the stock of Eversource Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ES Stock Analysis - Frequently Asked Questions

How have ES shares performed this year?

Eversource Energy's stock was trading at $61.72 at the beginning of 2024. Since then, ES shares have increased by 4.5% and is now trading at $64.49.
View the best growth stocks for 2024 here.

How were Eversource Energy's earnings last quarter?

Eversource Energy (NYSE:ES) released its quarterly earnings data on Monday, November, 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Eversource Energy's revenue for the quarter was up 9.7% on a year-over-year basis.
Read the conference call transcript.

Does Eversource Energy have any subsidiaries?

Eversource Energy subsidiaries include Aquarion Water Company, NStar, Yankee Energy System, Abenaki Water Co. Inc., Aquarion Company, Aquarion Water Capital of Massachusetts Inc., Aquarion Water Company of Connecticut, and more.

Who are Eversource Energy's major shareholders?

Top institutional shareholders of Eversource Energy include State Street Corp (6.97%), Wellington Management Group LLP (3.24%), Charles Schwab Investment Management Inc. (2.65%) and Geode Capital Management LLC (2.47%). Insiders that own company stock include Gregory B Butler, Frederica M Williams, Faasen William C Van, Jay S Buth, James W Hunt III, Linda Dorcena Forry, Penelope M Conner, Daniel J Nova and Cotton M Cleveland.
View institutional ownership trends.

How do I buy shares of Eversource Energy?

Shares of ES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Eversource Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eversource Energy investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Tesla (TSLA), Chevron (CVX) and Visa (V).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/23/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 11/04/2024
• Today: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:ES
• Previous Symbol: NYSE:NU
• CUSIP: 66439710
• CIK: 72741
• Web: www.eversource.com
• Phone: (860) 286-5000
• Fax: N/A
• Employees: 10,171
• Year Founded: 1966

Price Target and Rating

• Average Stock Price Target: $70.58
• High Stock Price Target: $79.00
• Low Stock Price Target: $62.00
• Potential Upside/Downside: +9.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.57)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 14.16
• P/E Growth: 2.56
• Net Income: $-442,240,000.00
• Net Margins: -4.73%
• Pretax Margin: -2.24%
• Return on Equity: 10.90%
• Return on Assets: 2.78%

Debt

• Debt-to-Equity Ratio: 1.73
• Current Ratio: 0.86
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $11.91 billion
• Price / Sales: 1.99
• Cash Flow: $6.74 per share
• Price / Cash Flow: 9.58
• Book Value: $41.06 per share
• Price / Book: 1.57

Miscellaneous

• Outstanding Shares: 366,400,000
• Free Float: 365,339,000
• Market Cap: $23.67 billion
• Optionable: Optionable
• Beta: 0.61