FY2025 EPS Estimates for Eversource Energy Cut by Scotiabank

Eversource Energy (NYSE:ES) – Stock analysts at Scotiabank lowered their FY2025 earnings estimates for Eversource Energy in a research report issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings per share of $4.73 for the year, down from their previous forecast of $4.85. Scotiabank has a “Sector Underperform” rating and a $55.00 price objective on the stock. The consensus estimate for Eversource Energy’s current full-year earnings is $4.75 per share. Scotiabank also issued estimates for Eversource Energy’s FY2026 earnings at $5.02 EPS.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%.

Several other analysts have also recently issued reports on ES. Jefferies Financial Group reduced their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Friday. Barclays reduced their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.45.

Eversource Energy Stock Down 1.0 %

Shares of ES opened at $60.98 on Friday. The stock has a market capitalization of $22.38 billion, a PE ratio of 26.40, a P/E/G ratio of 2.35 and a beta of 0.60. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company’s 50-day simple moving average is $59.94 and its 200-day simple moving average is $61.85.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.94%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is presently 130.30%.

Insiders Place Their Bets

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eversource Energy

A number of hedge funds have recently modified their holdings of ES. Victory Capital Management Inc. grew its position in shares of Eversource Energy by 3.4% during the third quarter. Victory Capital Management Inc. now owns 121,166 shares of the utilities provider’s stock worth $8,245,000 after acquiring an additional 3,960 shares during the last quarter. Empowered Funds LLC grew its position in shares of Eversource Energy by 76.4% during the third quarter. Empowered Funds LLC now owns 9,389 shares of the utilities provider’s stock worth $639,000 after acquiring an additional 4,065 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Eversource Energy by 4.4% during the third quarter. Natixis Advisors LLC now owns 133,174 shares of the utilities provider’s stock worth $9,062,000 after acquiring an additional 5,553 shares during the last quarter. Pathstone Holdings LLC grew its position in shares of Eversource Energy by 0.7% during the third quarter. Pathstone Holdings LLC now owns 45,798 shares of the utilities provider’s stock worth $3,117,000 after acquiring an additional 331 shares during the last quarter. Finally, Caprock Group LLC grew its position in shares of Eversource Energy by 8.8% during the third quarter. Caprock Group LLC now owns 18,790 shares of the utilities provider’s stock worth $1,279,000 after acquiring an additional 1,519 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

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.