Eversource Energy (NYSE:ES - Free Report) - Research analysts at Seaport Res Ptn issued their FY2027 EPS estimates for shares of Eversource Energy in a research note issued on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings per share of $5.45 for the year. The consensus estimate for Eversource Energy's current full-year earnings is $4.51 per share.
Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. Eversource Energy's revenue for the quarter was down 11.1% on a year-over-year basis.
Other equities research analysts have also issued research reports about the stock. BMO Capital Markets increased their price objective on shares of Eversource Energy from $63.00 to $64.00 and gave the company a "market perform" rating in a research note on Thursday, February 15th. Guggenheim upgraded Eversource Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $60.00 to $72.00 in a research note on Monday, January 22nd. Citigroup lifted their target price on Eversource Energy from $58.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Mizuho upgraded shares of Eversource Energy from a "neutral" rating to a "buy" rating and increased their price target for the company from $54.00 to $62.00 in a research report on Thursday, February 15th. Finally, Wells Fargo & Company raised their price objective on shares of Eversource Energy from $67.00 to $69.00 and gave the stock an "overweight" rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.85.
Get Our Latest Research Report on ES
Eversource Energy Stock Down 1.8 %
Shares of ES stock traded down $1.08 during trading hours on Friday, reaching $59.44. The company had a trading volume of 1,590,684 shares, compared to its average volume of 2,905,489. The business has a fifty day simple moving average of $58.94 and a 200-day simple moving average of $57.95. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $78.64. The company has a market cap of $20.85 billion, a price-to-earnings ratio of -47.17, a price-to-earnings-growth ratio of 3.24 and a beta of 0.58. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59.
Eversource Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were issued a $0.715 dividend. This is a positive change from Eversource Energy's previous quarterly dividend of $0.68. The ex-dividend date was Monday, March 4th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.81%. Eversource Energy's dividend payout ratio is presently -226.98%.
Insider Transactions at Eversource Energy
In related news, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the transaction, the insider now owns 21,621 shares of the company's stock, valued at $1,245,369.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Linda Dorcena Forry sold 822 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the sale, the insider now directly owns 10,485 shares of the company's stock, valued at $609,388.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the transaction, the insider now owns 21,621 shares of the company's stock, valued at approximately $1,245,369.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.
Hedge Funds Weigh In On Eversource Energy
A number of hedge funds have recently bought and sold shares of ES. Heritage Wealth Advisors purchased a new stake in shares of Eversource Energy in the 4th quarter worth $25,000. Exchange Traded Concepts LLC bought a new stake in shares of Eversource Energy during the fourth quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in shares of Eversource Energy during the first quarter worth $27,000. Bfsg LLC purchased a new position in Eversource Energy during the fourth quarter valued at $31,000. Finally, Versant Capital Management Inc increased its holdings in Eversource Energy by 62.6% in the 1st quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 79.99% of the company's stock.
Eversource Energy Company Profile
(
Get Free Report)
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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