What is Seaport Res Ptn's Forecast for ES FY2025 Earnings?

Key Points

• Analysts at Seaport Res Ptn have increased their FY2025 EPS forecast for Eversource Energy from $4.74 to $4.77, closely aligning with the current consensus estimate of $4.75.
• Investment ratings for Eversource Energy vary, with several firms adjusting their target prices and ratings, resulting in three sell ratings, five hold ratings, and three buy ratings among analysts.
• The company's stock recently traded at $66.38, showing a strong market presence despite a dividend payout ratio of 129.74%, which suggests high dividend payments relative to earnings.

Eversource Energy (NYSE:ES - Free Report) - Equities research analysts at Seaport Res Ptn raised their FY2025 earnings per share (EPS) estimates for Eversource Energy in a research report issued to clients and investors on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $4.77 per share for the year, up from their prior estimate of $4.74. The consensus estimate for Eversource Energy's current full-year earnings is $4.75 per share. Seaport Res Ptn also issued estimates for Eversource Energy's FY2026 earnings at $5.07 EPS and FY2027 earnings at $5.42 EPS.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.10%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same period last year, the company posted $0.95 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Mizuho boosted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Bank of America lifted their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, BMO Capital Markets lifted their price objective on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.56.

Eversource Energy Stock Down 0.9%

Shares of ES stock traded down $0.60 during midday trading on Wednesday, reaching $65.50. 2,841,173 shares of the stock were exchanged, compared to its average volume of 1,925,586. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. The firm has a market cap of $24.06 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The company's 50 day moving average is $64.74 and its two-hundred day moving average is $61.55. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71.

Insider Buying and Selling

In related news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the transaction, the executive vice president owned 10,988 shares of the company's stock, valued at approximately $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ES. Vanguard Group Inc. increased its stake in shares of Eversource Energy by 0.8% in the first quarter. Vanguard Group Inc. now owns 44,961,496 shares of the utilities provider's stock worth $2,792,559,000 after purchasing an additional 351,780 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Eversource Energy by 4.5% in the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider's stock worth $1,068,901,000 after buying an additional 739,448 shares during the period. Geode Capital Management LLC increased its stake in Eversource Energy by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock worth $547,550,000 after buying an additional 517,042 shares in the last quarter. FMR LLC raised its holdings in Eversource Energy by 4.8% during the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock valued at $422,259,000 after acquiring an additional 333,529 shares during the period. Finally, Magellan Asset Management Ltd boosted its stake in shares of Eversource Energy by 6.2% in the first quarter. Magellan Asset Management Ltd now owns 6,876,343 shares of the utilities provider's stock worth $427,090,000 after acquiring an additional 401,866 shares during the period. 79.99% of the stock is currently owned by institutional investors.

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.