Scotiabank Reduces Earnings Estimates for Eversource Energy

Eversource Energy (NYSE:ES) – Investment analysts at Scotiabank cut their FY2025 earnings estimates for shares of Eversource Energy in a research report issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings of $4.73 per share for the year, down from their prior 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.

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

Eversource Energy Stock Performance

Shares of ES opened at $60.98 on Friday. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.35 and a beta of 0.60. The business’s 50 day moving average is $59.94 and its two-hundred day moving average is $61.89.

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

Hedge Funds Weigh In On Eversource Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. raised its stake in shares of Eversource Energy by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock valued at $418,000 after buying an additional 166 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Eversource Energy by 10.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 176 shares during the period. UMB Bank n.a. raised its position in Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 197 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in Eversource Energy by 4.6% during the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 216 shares during the period. Finally, Ascent Group LLC boosted its holdings in Eversource Energy by 1.2% during the fourth quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider’s stock valued at $1,129,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insiders Place Their Bets

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

Eversource Energy Increases Dividend

The firm also recently declared 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 is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 4.94%. Eversource Energy’s dividend payout ratio is presently 130.30%.

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.