Seaport Res Ptn Has Strong Estimate for ES FY2026 Earnings

Eversource Energy (NYSE:ES) – Investment analysts at Seaport Res Ptn lifted their FY2026 earnings per share (EPS) estimates for shares of Eversource Energy in a report released on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $5.06 per share for the year, up from their previous forecast of $5.05. The consensus estimate for Eversource Energy’s current full-year earnings is $4.56 per share. Seaport Res Ptn also issued estimates for Eversource Energy’s FY2027 earnings at $5.38 EPS.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.

ES has been the topic of a number of other reports. Barclays boosted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on Eversource Energy in a research report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 target price on the stock. Mizuho raised their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Finally, Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their price objective for the stock from $66.00 to $56.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average price target of $68.38.

Eversource Energy Stock Up 1.2 %

Shares of Eversource Energy stock opened at $56.73 on Wednesday. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The company has a market cap of $20.79 billion, a P/E ratio of -36.13, a PEG ratio of 2.38 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The firm has a fifty day moving average of $60.25 and a two-hundred day moving average of $62.93.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Wednesday, December 18th. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

Hedge Funds Weigh In On Eversource Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new stake in Eversource Energy during the 3rd quarter valued at $32,000. UMB Bank n.a. grew its holdings in Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC increased its position in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after buying an additional 350 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Eversource Energy in the third quarter worth $48,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

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.