Eversource Energy (NYSE:ES) Posts Earnings Results, Beats Expectations By $0.01 EPS

Eversource Energy (NYSE:ES) issued its quarterly earnings data on Tuesday. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01, Zacks reports. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy updated its FY 2025 guidance to 4.520-4.600 EPS.

Eversource Energy Price Performance

Shares of NYSE ES opened at $61.61 on Wednesday. The firm has a market capitalization of $22.58 billion, a P/E ratio of -39.24, a P/E/G ratio of 2.25 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The stock’s 50-day simple moving average is $57.94 and its two-hundred day simple moving average is $62.70. Eversource Energy has a twelve month low of $53.76 and a twelve month high of $69.01.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a $0.7525 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently -182.17%.

Analyst Upgrades and Downgrades

ES has been the subject of several recent research reports. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Jefferies Financial Group decreased their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. Barclays decreased their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday. Finally, Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their target price for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.42.

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.