FY2027 EPS Estimates for Eversource Energy Lifted by KeyCorp

Eversource Energy (NYSE:ES) – Equities research analysts at KeyCorp lifted their FY2027 earnings per share (EPS) estimates for Eversource Energy in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $5.43 for the year, up from their previous forecast of $5.41. The consensus estimate for Eversource Energy’s current full-year earnings is $4.56 per share. KeyCorp also issued estimates for Eversource Energy’s FY2028 earnings at $5.79 EPS.

ES has been the subject of a number of other research reports. Bank of America boosted their price objective on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets lowered their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Scotiabank increased their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Mizuho upped their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average target price of $69.15.

Eversource Energy Stock Performance

Shares of ES stock opened at $59.78 on Friday. The company has a market cap of $21.90 billion, a P/E ratio of -38.08, a PEG ratio of 2.45 and a beta of 0.60. The business has a 50 day moving average of $64.00 and a two-hundred day moving average of $63.03. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Wednesday, December 18th. Eversource Energy’s payout ratio is currently -182.17%.

Institutional Trading of Eversource Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of Eversource Energy by 283.2% in the 1st quarter. Cetera Investment Advisers now owns 91,062 shares of the utilities provider’s stock worth $5,443,000 after purchasing an additional 67,300 shares during the last quarter. Mather Group LLC. grew its position in Eversource Energy by 21.8% in the second quarter. Mather Group LLC. now owns 3,276 shares of the utilities provider’s stock worth $196,000 after buying an additional 586 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Eversource Energy in the second quarter valued at $96,000. Hexagon Capital Partners LLC lifted its position in shares of Eversource Energy by 57.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,110 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 406 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Eversource Energy by 96.3% during the 2nd quarter. Sound Income Strategies LLC now owns 8,705 shares of the utilities provider’s stock worth $494,000 after acquiring an additional 4,270 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Company Profile

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.