Eversource Energy (ES) Expected to Announce Earnings on Thursday

Eversource Energy (NYSE:ES - Get Free Report) is expected to be releasing its Q2 2025 earnings data after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.99 per share and revenue of $3.01 billion for the quarter. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.65 billion. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The firm's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 earnings per share. On average, analysts expect Eversource Energy to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Eversource Energy Stock Up 0.4%

ES traded up $0.25 during trading hours on Friday, reaching $66.66. 1,715,912 shares of the stock traded hands, compared to its average volume of 2,756,153. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 2.48 and a beta of 0.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The firm's fifty day simple moving average is $64.52 and its two-hundred day simple moving average is $61.21.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Thursday, May 15th. Eversource Energy's payout ratio is 129.74%.

Wall Street Analyst Weigh In

Several brokerages have commented on ES. Bank of America boosted their price target on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research report on Monday. BMO Capital Markets raised their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Mizuho lifted their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $65.56.

Insider Transactions at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the transaction, the executive vice president directly owned 10,988 shares of the company's stock, valued at $703,232. This represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eversource Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its stake in shares of Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider's stock valued at $1,003,000 after buying an additional 1,319 shares in the last quarter. Woodline Partners LP boosted its position in shares of Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider's stock valued at $1,925,000 after acquiring an additional 8,984 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Eversource Energy by 115.1% in the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider's stock valued at $92,000 after buying an additional 801 shares during the period. Institutional investors own 79.99% of the company's stock.

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.