Eversource Energy FY2027 Earnings Forecast Raised by KeyCorp

Eversource Energy (NYSE:ES) – Equities research analysts at KeyCorp upped their FY2027 earnings estimates for shares of Eversource Energy in a research report issued to clients and investors on Monday, October 12th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $4.99 per share for the year, up from their prior forecast of $4.97. The consensus estimate for Eversource Energy’s current full-year earnings is $4.64 per share.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS.

A number of other brokerages also recently issued reports on ES. Citigroup reaffirmed a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a report on Monday, July 27th. BMO Capital Markets dropped their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Mizuho lifted their price objective on Eversource Energy from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Capital One Financial set a $73.00 price objective on Eversource Energy in a report on Wednesday, July 1st. Finally, Weiss Ratings raised Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $72.92.

Eversource Energy Stock Up 1.3%

Eversource Energy stock opened at $66.64 on Thursday. Eversource Energy has a 12 month low of $62.72 and a 12 month high of $76.57. The stock has a fifty day simple moving average of $68.64 and a two-hundred day simple moving average of $69.88. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The firm has a market cap of $25.10 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.86 and a beta of 0.67.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a dividend of $0.7875 per share. The ex-dividend date was Monday, September 21st. This represents a $3.15 dividend on an annualized basis and a yield of 4.7%. Eversource Energy’s dividend payout ratio is 81.61%.

Institutional Investors Weigh In On Eversource Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Man Group plc purchased a new stake in Eversource Energy during the 2nd quarter valued at $57,166,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Eversource Energy by 55.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 55,071 shares of the utilities provider’s stock valued at $3,980,000 after buying an additional 19,628 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Eversource Energy by 13.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 352,400 shares of the utilities provider’s stock valued at $25,468,000 after buying an additional 40,993 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Eversource Energy in the 1st quarter worth $2,587,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Eversource Energy in the 2nd quarter worth $8,176,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

About Eversource Energy

Eversource Energy (NYSE: ES) is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource’s electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.