Eversource Energy - ES Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eversource Energy in the last year. There are currently 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ES, but not buy additional shares or sell existing shares.
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12 analysts have issued twelve-month target prices for Eversource Energy's stock. Their ES share price forecasts range from $82.00 to $96.00. On average, they expect the company's stock price to reach $88.55 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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Eversource Energy's stock was trading at $83.84 at the beginning of the year. Since then, ES shares have decreased by 9.5% and is now trading at $75.86.
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Eversource Energy saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,400,000 shares, an increase of 9.5% from the February 28th total of 4,020,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the days-to-cover ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Eversource Energy (NYSE:ES) posted its quarterly earnings results on Monday, February, 13th. The utilities provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.02. The utilities provider earned $3.03 billion during the quarter, compared to analyst estimates of $2.24 billion. Eversource Energy had a net margin of 11.43% and a trailing twelve-month return on equity of 9.38%. Eversource Energy's revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS.
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Eversource Energy announced a quarterly dividend on Wednesday, February 1st. Investors of record on Thursday, March 2nd will be paid a dividend of $0.675 per share on Friday, March 31st. This represents a $2.70 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 1st. This is a positive change from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for ES.

ETFs with the largest weight of Eversource Energy (NYSE:ES) stock in their portfolio include Invesco S&P 500 Equal Weight Utilities ETF (RYU), Utilities Select Sector SPDR Fund (XLU), Vanguard Utilities ETF (VPU), Fidelity MSCI Utilities Index ETF (FUTY), Invesco DWA Utilities Momentum ETF (PUI), iShares U.S. Utilities ETF (IDU), Goldman Sachs Future Real Estate and Infrastructure Equity ETF (GREI) and Direxion Daily Utilities Bull 3X Shares (UTSL).

Eversource Energy (NYSE:ES) pays an annual dividend of $2.70 per share and currently has a dividend yield of 3.57%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ES will have a dividend payout ratio of 57.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ES.

Eversource Energy issued an update on its FY 2023 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of $4.25-$4.43 for the period, compared to the consensus EPS estimate of $4.37. The company issued revenue guidance of -.

135 employees have rated Eversource Energy Chief Executive Officer James Judge on Glassdoor.com. James Judge has an approval rating of 92% among the company's employees. This puts James Judge in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eversource Energy investors own include Pfizer (PFE), AT&T (T), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), Verizon Communications (VZ), AbbVie (ABBV), Bank of America (BAC), General Electric (GE) and PepsiCo (PEP).

Eversource Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "ES."

Eversource Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Moneta Group Investment Advisors LLC (3.62%), Wells Fargo & Company MN (2.17%), Geode Capital Management LLC (2.13%), Charles Schwab Investment Management Inc. (1.89%), Magellan Asset Management Ltd (1.73%) and Legal & General Group Plc (1.62%). Insiders that own company stock include Christine M Carmody, Cotton M Cleveland, Faasen William C Van, Faasen William C Van, Frederica M Williams, Gregory B Butler, Gregory B Butler, James W Hunt III, Jay S Buth, Jay S Buth, Linda Dorcena Forry, Penelope M Conner and Tom B Langley.
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Shares of ES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ES stock can currently be purchased for approximately $75.86.

Eversource Energy (NYSE:ES) has a market capitalization of $26.44 billion and generates $12.29 billion in revenue each year. The utilities provider earns $1.40 billion in net income (profit) each year or $4.04 on an earnings per share basis.

The company employs 9,626 workers across the globe.

Eversource Energy's mailing address is 300 CADWELL DRIVE, SPRINGFIELD MA, 06037. The official website for the company is www.eversource.com. The utilities provider can be reached via phone at (860) 286-5000 or via email at barbara.nieman@eversource.com.