Eversource Energy (NYSE:ES) to Post FY2027 Earnings of $5.45 Per Share, Seaport Res Ptn Forecasts

Eversource Energy (NYSE:ES) – Stock analysts at Seaport Res Ptn issued their FY2027 earnings estimates for shares of Eversource Energy in a research note issued to investors on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski expects 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.

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

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group initiated coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 target price for the company. StockNews.com upgraded shares of Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. BMO Capital Markets lifted their price target on shares of Eversource Energy from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Barclays lowered their price target on shares of Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, January 22nd. Finally, Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $72.00 in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.85.

Eversource Energy Trading Down 0.7 %

ES traded down $0.40 during trading on Friday, hitting $60.12. 232,688 shares of the stock traded hands, compared to its average volume of 2,888,019. The firm has a 50-day moving average of $58.92 and a 200 day moving average of $57.94. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $78.64. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. The firm has a market capitalization of $21.09 billion, a P/E ratio of -48.03, a price-to-earnings-growth ratio of 3.24 and a beta of 0.58.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were paid a $0.715 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.68. This represents a $2.86 annualized dividend and a yield of 4.76%. The ex-dividend date was Monday, March 4th. Eversource Energy’s dividend payout ratio is currently -226.98%.

Insider Activity

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 transaction of $156,326.40. Following the completion of the sale, the insider now directly owns 21,621 shares of the company’s stock, valued at $1,245,369.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Linda Dorcena Forry sold 822 shares of the firm’s 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 transaction, the insider now owns 10,485 shares in the company, valued at $609,388.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction dated 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 $1,245,369.60. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Institutional Trading of Eversource Energy

A number of hedge funds have recently added to or reduced their stakes in ES. Victory Capital Management Inc. lifted its stake in shares of Eversource Energy by 10.8% in the 3rd quarter. Victory Capital Management Inc. now owns 450,007 shares of the utilities provider’s stock valued at $26,168,000 after purchasing an additional 43,720 shares in the last quarter. OLD Republic International Corp acquired a new position in Eversource Energy during the 3rd quarter worth approximately $27,283,000. Cerity Partners LLC lifted its position in Eversource Energy by 536.0% during the 4th quarter. Cerity Partners LLC now owns 118,243 shares of the utilities provider’s stock worth $7,298,000 after acquiring an additional 99,652 shares in the last quarter. abrdn plc lifted its position in Eversource Energy by 21.3% during the 4th quarter. abrdn plc now owns 488,683 shares of the utilities provider’s stock worth $30,162,000 after acquiring an additional 85,756 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Eversource Energy by 3.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 443,444 shares of the utilities provider’s stock worth $27,369,000 after acquiring an additional 12,951 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

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.