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

Eversource Energy (NYSE:ES) – Analysts at Seaport Res Ptn issued their FY2027 earnings per share estimates for Eversource Energy in a research report issued on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings of $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 posted its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3 billion. Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. Eversource Energy’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share.

Several other research analysts have also recently weighed in on ES. Mizuho upgraded Eversource Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $54.00 to $62.00 in a report on Thursday, February 15th. Citigroup increased their target price on shares of Eversource Energy from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Guggenheim raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $60.00 to $72.00 in a report on Monday, January 22nd. BMO Capital Markets increased their target price 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. Finally, UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $67.00 in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average target price of $65.85.

Eversource Energy Price Performance

Shares of ES opened at $59.46 on Friday. The business’s 50-day moving average is $58.94 and its two-hundred day moving average is $57.95. The company has a market capitalization of $20.85 billion, a P/E ratio of -47.19, a P/E/G ratio of 3.22 and a beta of 0.58. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.67. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $78.64.

Eversource Energy Increases Dividend

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

Insider Activity

In related news, insider Frederica M. Williams sold 2,714 shares of Eversource Energy stock in a transaction on Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the sale, the insider now owns 21,621 shares of the company’s stock, valued at approximately $1,245,369.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction dated Friday, March 1st. The shares were 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 directly owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Frederica M. Williams sold 2,714 shares of Eversource Energy 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. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Czech National Bank lifted its stake in shares of Eversource Energy by 0.3% in the 4th quarter. Czech National Bank now owns 61,182 shares of the utilities provider’s stock worth $3,776,000 after acquiring an additional 168 shares during the period. Salem Investment Counselors Inc. grew its position in Eversource Energy by 49.7% in the first quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 181 shares in the last quarter. Pinion Investment Advisors LLC boosted its holdings in shares of Eversource Energy by 4.1% during the 3rd quarter. Pinion Investment Advisors LLC now owns 4,955 shares of the utilities provider’s stock worth $288,000 after buying an additional 197 shares during the period. Presima Securities ULC boosted its holdings in shares of Eversource Energy by 1.5% during the 4th quarter. Presima Securities ULC now owns 13,730 shares of the utilities provider’s stock worth $847,000 after buying an additional 200 shares during the period. Finally, Versant Capital Management Inc raised its stake in Eversource Energy by 62.6% during the 1st quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 201 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

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.