Eversource Energy Forecasted to Post FY2027 Earnings of $5.45 Per Share (NYSE:ES)

Eversource Energy (NYSE:ES) – Seaport Res Ptn issued their FY2027 earnings per share estimates for shares of Eversource Energy in a note issued to investors on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski anticipates that the utilities provider will earn $5.45 per share for the year. The consensus estimate for Eversource Energy’s current full-year earnings is $4.51 per share.

Several other research analysts also recently weighed in on the company. Argus cut their price target on Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a report on Monday, March 25th. Barclays cut their price target on Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, January 22nd. Scotiabank cut their price target on Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Citigroup boosted their price target on Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, UBS Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $67.00 in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.85.

Eversource Energy Trading Down 1.8 %

Shares of ES opened at $59.46 on Friday. The stock has a fifty day moving average of $58.94 and a two-hundred day moving average of $57.95. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.67. The company has a market capitalization of $20.85 billion, a PE ratio of -47.19, a price-to-earnings-growth ratio of 3.22 and a beta of 0.58. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $78.64.

Eversource Energy (NYSE:ES) last posted its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3 billion. Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. Eversource Energy’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS.

Hedge Funds Weigh In On Eversource Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ES. Heritage Wealth Advisors purchased a new position in Eversource Energy in the 4th quarter valued at about $25,000. Exchange Traded Concepts LLC bought a new position in shares of Eversource Energy during the fourth quarter worth about $26,000. Rise Advisors LLC bought a new position in shares of Eversource Energy during the first quarter worth about $27,000. Bfsg LLC bought a new position in shares of Eversource Energy during the fourth quarter worth about $31,000. Finally, Versant Capital Management Inc lifted its position in shares of Eversource Energy by 62.6% during the first quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 201 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Eversource Energy

In related news, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the sale, the insider now directly owns 21,621 shares in the company, valued at approximately $1,245,369.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Linda Dorcena Forry sold 822 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares in the company, valued at approximately $609,388.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Frederica M. Williams sold 2,714 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the completion of the transaction, the insider now directly owns 21,621 shares of the company’s stock, valued at $1,245,369.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were issued a $0.715 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. This represents a $2.86 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Monday, March 4th. Eversource Energy’s dividend payout ratio is currently -226.98%.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.