Eversource Energy (ES) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eversource Energy in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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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10 brokerages have issued twelve-month price targets for Eversource Energy's stock. Their ES share price forecasts range from $75.00 to $96.00. On average, they predict the company's share price to reach $86.92 in the next year. This suggests a possible upside of 25.6% 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 17.4% and is now trading at $69.21.
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Eversource Energy saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,280,000 shares, an increase of 14.1% from the April 15th total of 3,750,000 shares. Based on an average trading volume of 1,800,000 shares, the days-to-cover ratio is presently 2.4 days.
View Eversource Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our ES earnings forecast.

Eversource Energy (NYSE:ES) issued its quarterly earnings results on Wednesday, May, 3rd. The utilities provider reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. The utilities provider earned $3.80 billion during the quarter, compared to analyst estimates of $3.24 billion. Eversource Energy had a net margin of 11.52% and a trailing twelve-month return on equity of 9.51%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 earnings per share.
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Eversource Energy declared a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Thursday, May 18th will be given a dividend of $0.675 per share on Friday, June 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, May 17th.
Read our dividend analysis for ES.

ETFs with the largest weight of Eversource Energy (NYSE:ES) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), WBI BullBear Value 3000 ETF (WBIF), 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), iShares U.S. Utilities ETF (IDU) and Invesco DWA Utilities Momentum ETF (PUI).

Eversource Energy (NYSE:ES) pays an annual dividend of $2.70 per share and currently has a dividend yield of 3.98%. 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 64.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ES will have a dividend payout ratio of 57.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ES.

Eversource Energy updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $4.25-$4.43 for the period, compared to the consensus EPS estimate of $4.36. 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.97%), State Street Corp (7.06%), Geode Capital Management LLC (2.16%), Charles Schwab Investment Management Inc. (1.93%), Magellan Asset Management Ltd (1.48%) and Nordea Investment Management AB (1.35%). 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.
View institutional ownership trends.

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 $69.21.

Eversource Energy (NYSE:ES) has a market capitalization of $24.14 billion and generates $12.29 billion in revenue each year. The utilities provider earns $1.40 billion in net income (profit) each year or $4.17 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.