Eversource Energy (NYSE:ES) Issues Earnings Results

Eversource Energy (NYSE:ES) issued its earnings results on Tuesday. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01, Zacks reports. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy updated its FY 2025 guidance to 4.520-4.600 EPS.

Eversource Energy Trading Up 1.9 %

ES traded up $1.12 during midday trading on Tuesday, reaching $61.61. 3,077,672 shares of the company’s stock traded hands, compared to its average volume of 2,966,120. The firm has a fifty day moving average of $57.93 and a two-hundred day moving average of $62.72. The stock has a market capitalization of $22.58 billion, a price-to-earnings ratio of -39.24, a P/E/G ratio of 2.25 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a 52 week low of $53.76 and a 52 week high of $69.01.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is -182.17%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and decreased their target price for the stock from $66.00 to $56.00 in a report on Thursday, December 12th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Monday. Jefferies Financial Group reduced their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. BMO Capital Markets reduced their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.42.

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.