Q4 EPS Estimates for Eversource Energy Decreased by KeyCorp

Eversource Energy (NYSE:ES) – KeyCorp decreased their Q4 2024 earnings per share (EPS) estimates for shares of Eversource Energy in a report released on Tuesday, December 3rd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $1.00 for the quarter, down from their previous forecast of $1.01. The consensus estimate for Eversource Energy’s current full-year earnings is $4.56 per share. KeyCorp also issued estimates for Eversource Energy’s FY2025 earnings at $4.76 EPS.

Other research analysts have also issued research reports about the company. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. BMO Capital Markets dropped their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on Eversource Energy in a report on Tuesday. They set an “underperform” rating and a $52.00 price objective on the stock. Mizuho upped their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Barclays lifted 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. 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. According to MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average price target of $69.15.

Eversource Energy Price Performance

Eversource Energy stock opened at $61.64 on Thursday. The business has a 50-day simple moving average of $64.00 and a 200 day simple moving average of $63.03. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of -39.26, a PEG ratio of 2.45 and a beta of 0.60. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73.

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

Institutional Trading of Eversource Energy

Several large investors have recently added to or reduced their stakes in ES. Wellington Management Group LLP bought a new stake in shares of Eversource Energy during the 3rd quarter valued at about $808,783,000. Los Angeles Capital Management LLC boosted its position in Eversource Energy by 201.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 974,665 shares of the utilities provider’s stock valued at $55,273,000 after acquiring an additional 651,263 shares in the last quarter. National Bank of Canada FI boosted its position in Eversource Energy by 446.0% during the 3rd quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider’s stock valued at $51,019,000 after acquiring an additional 612,421 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Eversource Energy by 75.8% during the 2nd quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider’s stock worth $74,142,000 after acquiring an additional 563,756 shares during the period. Finally, State Street Corp raised its position in shares of Eversource Energy by 1.7% in the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock worth $1,737,990,000 after acquiring an additional 430,587 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Wednesday, December 18th. Eversource Energy’s payout ratio is -182.17%.

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.