Eversource Energy Stock Price, News & Analysis (NYSE:ES)

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eversource Energy in the last twelve months. There are currently 11 hold ratings and 1 buy rating 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 Wall Street analysts have issued 1 year price objectives for Eversource Energy's stock. Their ES share price targets range from $58.00 to $94.00. On average, they anticipate the company's stock price to reach $68.00 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
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Eversource Energy's stock was trading at $83.84 at the start of the year. Since then, ES stock has decreased by 27.5% and is now trading at $60.78.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
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Eversource Energy (NYSE:ES) released its earnings results on Monday, November, 6th. The utilities provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.01. The utilities provider had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.12 billion. Eversource Energy had a net margin of 9.52% and a trailing twelve-month return on equity of 9.64%. The company's revenue was down 13.2% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS.
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Eversource Energy declared a quarterly dividend on Thursday, September 14th. Stockholders of record on Monday, September 25th will be paid a dividend of $0.675 per share on Friday, September 29th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, September 22nd.
Read our dividend analysis for ES.

Eversource Energy (NYSE:ES) pays an annual dividend of $2.70 per share and currently has a dividend yield of 4.54%. ES has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 80.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ES will have a dividend payout ratio of 59.08% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), BTD Capital Fund (DIP), First Trust EIP Carbon Impact ETF (ECLN), Utilities Select Sector SPDR Fund (XLU), First Trust Utilities AlphaDEX Fund (FXU), Invesco Dorsey Wright Utilities Momentum ETF (PUI) and Fidelity MSCI Utilities Index ETF (FUTY).

Eversource Energy issued an update on its FY 2023 earnings guidance on Monday, November, 6th. The company provided EPS guidance of $4.30-$4.43 for the period, compared to the consensus EPS estimate of $4.34. 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's stock is owned by a number of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.09%), Legal & General Group Plc (1.90%), Nordea Investment Management AB (1.67%), Morgan Stanley (1.28%), Northern Trust Corp (1.21%) and Invesco Ltd. (1.06%). Insiders that own company stock include 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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