Eversource Energy (NYSE:ES) Releases FY 2026 Earnings Guidance

Eversource Energy (NYSE:ES) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.570-4.720 for the period, compared to the consensus EPS estimate of 4.650. The company issued revenue guidance of -.

Eversource Energy Trading Down 1.3%

Eversource Energy stock traded down $0.96 during trading on Thursday, reaching $73.80. 3,543,564 shares of the company were exchanged, compared to its average volume of 2,539,351. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The company has a market capitalization of $27.75 billion, a P/E ratio of 15.77, a PEG ratio of 5.56 and a beta of 0.70. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $71.71 and its two-hundred day simple moving average is $70.71.

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, hitting analysts’ consensus estimates of $0.87. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts expect that Eversource Energy will post 4.64 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were given a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.3%. Eversource Energy’s payout ratio is presently 67.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ES shares. Bank of America reissued a “buy” rating and issued a $72.00 price objective on shares of Eversource Energy in a report on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Seaport Research Partners cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Finally, Scotiabank cut their price target on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $72.58.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $69.88, for a total transaction of $489,160.00. Following the completion of the transaction, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This trade represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Eversource Energy

Several large investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Eversource Energy by 4.7% during the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after purchasing an additional 1,265,802 shares during the period. Morgan Stanley increased its holdings in Eversource Energy by 4.2% in the 4th quarter. Morgan Stanley now owns 5,879,604 shares of the utilities provider’s stock valued at $395,874,000 after purchasing an additional 238,723 shares during the last quarter. Zimmer Partners LP raised its position in Eversource Energy by 18.2% in the fourth quarter. Zimmer Partners LP now owns 3,843,997 shares of the utilities provider’s stock valued at $258,816,000 after purchasing an additional 591,697 shares during the period. Wellington Management Group LLP raised its position in Eversource Energy by 28.2% in the fourth quarter. Wellington Management Group LLP now owns 3,241,896 shares of the utilities provider’s stock valued at $218,277,000 after purchasing an additional 712,508 shares during the period. Finally, Amundi lifted its stake in Eversource Energy by 2.5% during the fourth quarter. Amundi now owns 2,380,030 shares of the utilities provider’s stock worth $160,247,000 after purchasing an additional 58,393 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

About Eversource Energy

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.