Eversource Energy (NYSE:ES) Plans Quarterly Dividend of $0.79

Eversource Energy (NYSE:ES) announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Monday, September 21st will be given a dividend of 0.7875 per share by the utilities provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, September 21st.

Eversource Energy has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Eversource Energy has a payout ratio of 63.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eversource Energy to earn $4.95 per share next year, which means the company should continue to be able to cover its $3.15 annual dividend with an expected future payout ratio of 63.6%.

Eversource Energy Stock Down 2.1%

Shares of NYSE:ES opened at $68.99 on Friday. The company has a fifty day moving average of $72.58 and a 200-day moving average of $71.02. The company has a market capitalization of $25.98 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 3.06 and a beta of 0.69. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.80. Eversource Energy has a 52-week low of $62.89 and a 52-week high of $76.57.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. Eversource Energy had a return on equity of 11.33% and a net margin of 10.35%.The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $0.96 EPS. Eversource Energy’s revenue for the quarter was up 2.3% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities analysts predict that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Company Profile

Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.

The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.