FY2025 EPS Estimate for Eversource Energy Lowered by Analyst

Eversource Energy (NYSE:ES) – Investment analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for Eversource Energy in a research note issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings of $4.73 per share for the year, down from their previous forecast of $4.85. Scotiabank has a “Sector Underperform” rating and a $55.00 price target on the stock. The consensus estimate for Eversource Energy’s current full-year earnings is $4.75 per share. Scotiabank also issued estimates for Eversource Energy’s FY2026 earnings at $5.02 EPS.

A number of other equities analysts have also recently commented on the stock. Jefferies Financial Group cut their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Friday. Wells Fargo & Company lowered their price target on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Barclays reduced their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $67.45.

Eversource Energy Trading Down 1.0 %

ES opened at $60.98 on Friday. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01. The business’s 50 day moving average is $59.94 and its two-hundred day moving average is $61.89. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.94%. Eversource Energy’s dividend payout ratio is 130.30%.

Insiders Place Their Bets

In other news, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now directly owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eversource Energy

Several large investors have recently made changes to their positions in ES. California State Teachers Retirement System boosted its position in Eversource Energy by 24.0% during the 4th quarter. California State Teachers Retirement System now owns 1,111,430 shares of the utilities provider’s stock worth $63,829,000 after purchasing an additional 215,064 shares during the period. Tableaux LLC acquired a new position in shares of Eversource Energy during the fourth quarter worth about $529,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Eversource Energy in the fourth quarter worth about $7,023,000. Siemens Fonds Invest GmbH grew its stake in shares of Eversource Energy by 11.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 35,078 shares of the utilities provider’s stock valued at $2,010,000 after buying an additional 3,551 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Eversource Energy in the fourth quarter valued at about $21,989,000. Institutional investors and hedge funds 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.