FY2026 EPS Estimate for Eversource Energy Lowered by Analyst

Key Points

• Scotiabank cut its FY2026 EPS estimate for Eversource to $4.63 (from $4.86) and kept a "Sector Underperform" rating with a $63 price target, below the consensus of $4.75 and the company's own FY2026 guidance of $4.80–$4.95.
• Eversource recently beat quarterly expectations—reporting $1.12 EPS vs. a $1.10 consensus and revenue of $3.37B—and raised its quarterly dividend to $0.7875 (annualized $3.15, ~4.6% yield).

Eversource Energy (NYSE:ES - Free Report) - Research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Eversource Energy in a report issued on Thursday, April 23rd. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings of $4.63 per share for the year, down from their prior forecast of $4.86. Scotiabank has a "Sector Underperform" rating and a $63.00 price objective on the stock. The consensus estimate for Eversource Energy's current full-year earnings is $4.75 per share. Scotiabank also issued estimates for Eversource Energy's FY2027 earnings at $4.92 EPS.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business's quarterly revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on Eversource Energy from $72.00 to $75.00 and gave the company an "underweight" rating in a research note on Thursday, March 12th. BMO Capital Markets lowered their target price on Eversource Energy from $79.00 to $75.00 and set a "market perform" rating on the stock in a research note on Monday, March 23rd. Argus raised Eversource Energy to a "strong-buy" rating in a research report on Tuesday, March 24th. Mizuho reduced their price target on Eversource Energy from $75.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, March 26th. Finally, UBS Group reduced their price target on Eversource Energy from $80.00 to $74.00 and set a "neutral" rating for the company in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $71.80.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $68.66 on Monday. The business's 50-day moving average price is $71.10 and its two-hundred day moving average price is $70.12. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. Eversource Energy has a one year low of $57.70 and a one year high of $76.41. The company has a market capitalization of $25.80 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 4.45 and a beta of 0.76.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th were issued a $0.7875 dividend. This is a positive change from Eversource Energy's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.15 annualized dividend and a yield of 4.6%. Eversource Energy's payout ratio is currently 68.93%.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider John Y. Kim sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the completion of the transaction, the insider owned 12,339 shares of the company's stock, valued at $907,780.23. This represents a 32.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cotton M. Cleveland sold 2,581 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the transaction, the insider directly owned 79,364 shares of the company's stock, valued at approximately $5,941,982.68. This trade represents a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,381 shares of company stock valued at $1,211,079 in the last quarter. Corporate insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Eversource Energy

Several large investors have recently added to or reduced their stakes in the company. United Asset Strategies Inc. raised its holdings in Eversource Energy by 1.0% in the 3rd quarter. United Asset Strategies Inc. now owns 13,288 shares of the utilities provider's stock valued at $945,000 after acquiring an additional 138 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Eversource Energy by 1.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,831 shares of the utilities provider's stock valued at $999,000 after acquiring an additional 140 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Eversource Energy by 1.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,287 shares of the utilities provider's stock valued at $895,000 after acquiring an additional 142 shares in the last quarter. Mystic Asset Management Inc. raised its holdings in Eversource Energy by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 16,549 shares of the utilities provider's stock valued at $1,177,000 after acquiring an additional 150 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Eversource Energy by 1.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,988 shares of the utilities provider's stock valued at $807,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

About Eversource Energy

Eversource Energy NYSE: ES is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company's core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.

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