Scotiabank Forecasts Reduced Earnings for Eversource Energy

Eversource Energy (NYSE:ES) – Research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for shares of Eversource Energy in a report released on Thursday, February 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings of $4.86 per share for the year, down from their previous estimate of $5.02. Scotiabank has a “Sector Underperform” rating and a $63.00 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 FY2027 earnings at $5.16 EPS.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $71.00 to $78.00 in a research note on Tuesday. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. UBS Group lowered their target price on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Mizuho lifted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.90.

Eversource Energy Trading Up 2.7%

NYSE:ES opened at $73.66 on Friday. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $75.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.64 and a current ratio of 0.65. The stock has a fifty day moving average price of $68.89 and a two-hundred day moving average price of $68.64. The stock has a market capitalization of $27.66 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 3.08 and a beta of 0.77.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm earned $1.01 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. Eversource Energy’s payout ratio is currently 65.86%.

Institutional Trading of Eversource Energy

Several hedge funds and other institutional investors have recently bought and sold shares of ES. Lodestone Wealth Management LLC purchased a new position in shares of Eversource Energy during the 4th quarter worth $25,000. Neo Ivy Capital Management acquired a new position in Eversource Energy in the second quarter valued at $26,000. Root Financial Partners LLC purchased a new position in Eversource Energy during the third quarter worth about $26,000. Activest Wealth Management lifted its position in Eversource Energy by 2,337.5% during the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Eversource Energy in the 3rd quarter worth about $27,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.