Eversource Energy - ES Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eversource Energy in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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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11 brokers have issued 1-year price targets for Eversource Energy's shares. Their ES share price forecasts range from $80.00 to $97.00. On average, they predict the company's stock price to reach $91.64 in the next year. This suggests that the stock has a possible downside of 2.3%.
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Eversource Energy's stock was trading at $90.98 at the beginning of the year. Since then, ES stock has increased by 3.1% and is now trading at $93.81.
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Eversource Energy saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,770,000 shares, a decrease of 10.5% from the July 15th total of 4,210,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Eversource Energy (NYSE:ES) posted its earnings results on Tuesday, November, 2nd. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by $0.03. The utilities provider earned $2.46 billion during the quarter, compared to analysts' expectations of $2.57 billion. Eversource Energy had a net margin of 12.06% and a trailing twelve-month return on equity of 9.58%. During the same quarter in the previous year, the company earned $1.01 EPS.
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Eversource Energy announced a quarterly dividend on Thursday, May 5th. Shareholders of record on Thursday, May 19th will be paid a dividend of $0.6375 per share on Thursday, June 30th. This represents a $2.55 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Wednesday, May 18th.
Read our dividend analysis for ES.

Eversource Energy (NYSE:ES) pays an annual dividend of $2.55 per share and currently has a dividend yield of 2.72%. 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 66.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ES will have a dividend payout ratio of 58.09% 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 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $4.04-$4.14 for the period, compared to the consensus estimate of $4.11. 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 variety of retail and institutional investors. Top institutional investors include State Street Corp (7.12%), Wells Fargo & Company MN (2.12%), Magellan Asset Management Ltd (2.08%), Deutsche Bank AG (1.34%), Caisse DE Depot ET Placement DU Quebec (1.28%) and Northern Trust Corp (1.20%). 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, James W Hunt III, Jay S Buth, Jay S Buth, Linda Dorcena Forry, Penelope M Conner, Philip J Lembo 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 $93.81.

Eversource Energy (NYSE:ES) has a market capitalization of $32.50 billion and generates $9.86 billion in revenue each year. The utilities provider earns $1.22 billion in net income (profit) each year or $3.83 on an earnings per share basis.

The company employs 9,227 workers across the globe.

Eversource Energy was founded in 1966.

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.