What is Scotiabank’s Estimate for ES FY2026 Earnings?

Eversource Energy (NYSE:ES) – Equities researchers at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Eversource Energy in a report issued on Wednesday, January 8th. Scotiabank analyst A. Weisel anticipates that the utilities provider will post earnings of $5.12 per share for the year. Scotiabank has a “Sector Underperform” rating and a $56.00 price objective on the stock. The consensus estimate for Eversource Energy’s current full-year earnings is $4.56 per share.

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

A number of other research firms have also recently issued reports on ES. Barclays boosted their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Mizuho boosted their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. BMO Capital Markets lowered their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Eversource Energy in a research report on Tuesday, December 3rd. They issued an “underperform” rating and a $52.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $68.38.

Eversource Energy Stock Performance

ES opened at $55.69 on Friday. The stock has a market cap of $20.40 billion, a PE ratio of -35.47, a P/E/G ratio of 2.38 and a beta of 0.62. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.73. Eversource Energy has a 1 year low of $52.09 and a 1 year high of $69.01. The stock’s 50 day simple moving average is $59.91 and its 200-day simple moving average is $62.91.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date was Wednesday, December 18th. Eversource Energy’s dividend payout ratio is currently -182.17%.

Hedge Funds Weigh In On Eversource Energy

Several large investors have recently made changes to their positions in ES. Wellington Management Group LLP acquired a new position in shares of Eversource Energy during the third quarter valued at $808,783,000. National Bank of Canada FI lifted its stake in shares of Eversource Energy by 446.0% during the third 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 during the period. Millennium Management LLC lifted its stake in shares of Eversource Energy by 75.8% during the second quarter. Millennium Management LLC now owns 1,307,397 shares of the utilities provider’s stock valued at $74,142,000 after acquiring an additional 563,756 shares during the period. Nordea Investment Management AB increased its holdings in Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock valued at $99,554,000 after purchasing an additional 510,582 shares during the last quarter. Finally, State Street Corp increased its holdings in Eversource Energy by 1.7% in the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock valued at $1,737,990,000 after purchasing an additional 430,587 shares during the last quarter. 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.