Eversource Energy (ES) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eversource Energy in the last twelve months. There are currently 7 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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11 analysts have issued 12-month price targets for Eversource Energy's stock. Their ES share price forecasts range from $72.00 to $94.00. On average, they expect the company's share price to reach $81.58 in the next twelve months. This suggests a possible upside of 41.1% from the stock's current price.
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Eversource Energy's stock was trading at $83.84 at the beginning of 2023. Since then, ES shares have decreased by 31.0% and is now trading at $57.82.
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Eversource Energy saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,870,000 shares, a decrease of 25.0% from the August 31st total of 5,160,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is presently 1.8 days.
View Eversource Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ES earnings forecast.

Eversource Energy (NYSE:ES) posted its earnings results on Monday, July, 31st. The utilities provider reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.09. The utilities provider earned $2.63 billion during the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a net margin of 9.28% and a trailing twelve-month return on equity of 9.78%. The firm's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS.
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Eversource Energy announced a quarterly dividend on Thursday, September 14th. Investors of record on Monday, September 25th will be given 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 4.67%. The ex-dividend date of this dividend is Friday, September 22nd.
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 (NYSE:ES) pays an annual dividend of $2.70 per share and currently has a dividend yield of 4.52%. 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 80.12%. 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 58.19% 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 FY23 earnings guidance on Monday, July, 31st. The company provided EPS guidance of $4.25-$4.43 for the period, compared to the consensus estimate of $4.36.

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.93%), State Street Corp (7.20%), Wells Fargo & Company MN (2.25%), Geode Capital Management LLC (2.23%), Charles Schwab Investment Management Inc. (2.05%) and Nordea Investment Management AB (1.50%). 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 $57.82.

Eversource Energy (NYSE:ES) has a market capitalization of $20.18 billion and generates $12.29 billion in revenue each year. The utilities provider earns $1.40 billion in net income (profit) each year or $3.37 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.