Eversource Energy (NYSE:ES) to Issue Quarterly Dividend of $0.79

Key Points

• Eversource Energy declared a quarterly dividend of $0.7875 per share, payable September 30 to shareholders of record on September 21. The annualized dividend is approximately $3.15 per share, representing a 4.6% yield.
• The dividend appears supported by earnings, with a current payout ratio of 63.0% and an expected future payout ratio of 63.6%; analysts forecast $4.95 in earnings per share next year.
• Eversource shares opened at $68.99, down 2.1%, while analysts maintain a consensus “Hold” rating and an average price target of $72.92.

Eversource Energy (NYSE:ES - Get Free Report) declared a quarterly dividend on Thursday, September 10th. Shareholders of record on Monday, September 21st will be given a dividend of 0.7875 per share by the utilities provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, September 21st.

Eversource Energy has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Eversource Energy has a dividend payout ratio of 63.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eversource Energy to earn $4.95 per share next year, which means the company should continue to be able to cover its $3.15 annual dividend with an expected future payout ratio of 63.6%.

Eversource Energy Trading Down 2.1%

NYSE ES opened at $68.99 on Friday. Eversource Energy has a 12 month low of $62.89 and a 12 month high of $76.57. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average of $72.58 and a 200-day moving average of $71.02. The company has a market cap of $25.98 billion, a PE ratio of 17.87, a PEG ratio of 3.06 and a beta of 0.69.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ES shares. BMO Capital Markets cut their target price on shares of Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Capital One Financial set a $73.00 price target on shares of Eversource Energy in a report on Wednesday, July 1st. Wells Fargo & Company raised their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. Citigroup restated a "hold" rating and set a $81.00 price objective on shares of Eversource Energy in a report on Monday, July 27th. Finally, Mizuho upped their target price on Eversource Energy from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Eversource Energy has a consensus rating of "Hold" and an average target price of $72.92.

About Eversource Energy

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.

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