Eversource Energy (NYSE:ES) Announces Quarterly Earnings Results

Eversource Energy (NYSE:ES - Get Free Report) released its quarterly earnings results on Thursday. The utilities provider reported $1.50 earnings per share for the quarter, hitting analysts' consensus estimates of $1.50, Zacks reports. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. Eversource Energy updated its FY 2025 guidance to 4.670-4.820 EPS.

Eversource Energy Trading Down 0.5 %

ES traded down $0.29 during trading on Friday, hitting $58.79. 3,877,379 shares of the company's stock were exchanged, compared to its average volume of 2,384,796. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. The stock has a 50 day moving average price of $59.46 and a 200 day moving average price of $60.13. The firm has a market cap of $21.58 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.7525 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 5.12%. Eversource Energy's dividend payout ratio (DPR) is 129.74%.

Analyst Ratings Changes

A number of brokerages have recently commented on ES. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Friday, April 25th. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. BMO Capital Markets increased their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Scotiabank lowered their price objective on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research report on Thursday, February 13th. Finally, Jefferies Financial Group reduced their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $65.78.

Insider Buying and Selling

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company's stock, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.

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