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

12 Wall Street equities research 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 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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12 equities research analysts have issued 12 month target prices 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 beginning of 2023. Since then, ES shares have 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) announced its quarterly earnings results on Monday, November, 6th. The utilities provider reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $0.98 by $0.01. The utilities provider earned $2.79 billion during the quarter, compared to analysts' expectations of $3.12 billion. Eversource Energy had a net margin of 9.52% and a trailing twelve-month return on equity of 9.64%. Eversource Energy's revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share.
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Eversource Energy declared a quarterly dividend on Thursday, September 14th. Shareholders 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 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend 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 earnings per share (EPS) guidance of $4.30-$4.43 for the period, compared to the consensus earnings per share 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 institutional and retail investors. Top institutional shareholders 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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