Eversource Energy (NYSE:ES) to Issue Quarterly Dividend of $0.79

Eversource Energy (NYSE:ES) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.7875 per share by the utilities provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, May 18th.

Eversource Energy has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Eversource Energy has a payout ratio of 63.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eversource Energy to earn $5.00 per share next year, which means the company should continue to be able to cover its $3.15 annual dividend with an expected future payout ratio of 63.0%.

Eversource Energy Stock Down 0.4%

Shares of NYSE ES opened at $68.65 on Thursday. Eversource Energy has a one year low of $59.40 and a one year high of $76.41. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.59. The business’s fifty day moving average price is $70.59 and its 200-day moving average price is $70.01. The stock has a market capitalization of $25.80 billion, a PE ratio of 15.02, a P/E/G ratio of 4.49 and a beta of 0.74.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts anticipate that Eversource Energy will post 4.72 EPS for the current year.

Insider Buying and Selling

In related news, EVP John M. Moreira sold 7,800 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.90, for a total transaction of $576,420.00. Following the sale, the executive vice president owned 43,269 shares of the company’s stock, valued at approximately $3,197,579.10. This represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $73.57, for a total value of $441,420.00. Following the sale, the insider directly owned 12,339 shares in the company, valued at $907,780.23. This trade represents a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,381 shares of company stock valued at $1,211,079. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Eversource Energy

Several institutional investors and hedge funds have recently modified their holdings of ES. Norges Bank purchased a new stake in shares of Eversource Energy in the 4th quarter valued at about $324,032,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Eversource Energy by 23,707.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock valued at $313,067,000 after acquiring an additional 4,630,216 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Eversource Energy by 61.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,546,217 shares of the utilities provider’s stock valued at $642,747,000 after acquiring an additional 3,645,555 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Eversource Energy by 78.1% in the 4th quarter. Deutsche Bank AG now owns 5,341,986 shares of the utilities provider’s stock valued at $359,676,000 after acquiring an additional 2,341,912 shares in the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in shares of Eversource Energy in the 4th quarter valued at about $104,848,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.