Eversource Energy FY2027 Earnings Forecast Raised by KeyCorp

Eversource Energy (NYSE:ES) – Stock analysts at KeyCorp lifted their FY2027 EPS estimates for shares of Eversource Energy in a report issued on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $4.99 per share for the year, up from their prior estimate of $4.97. The consensus estimate for Eversource Energy’s current full-year earnings is $4.64 per share.

A number of other research analysts have also recently issued reports on the company. Mizuho raised their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. BMO Capital Markets lowered their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. Finally, Citigroup restated a “hold” rating and set a $81.00 target price on shares of Eversource Energy in a report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average target price of $72.92.

Eversource Energy Stock Performance

Eversource Energy stock opened at $66.64 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $25.10 billion, a PE ratio of 17.26, a P/E/G ratio of 2.86 and a beta of 0.67. The firm has a fifty day simple moving average of $68.64 and a two-hundred day simple moving average of $69.88. Eversource Energy has a twelve month low of $62.72 and a twelve month high of $76.57.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting the consensus estimate 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 net margin of 10.35% and a return on equity of 11.33%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.15 annualized dividend and a yield of 4.7%. Eversource Energy’s dividend payout ratio is presently 81.61%.

Institutional Investors Weigh In On Eversource Energy

A number of large investors have recently added to or reduced their stakes in ES. BlackRock Inc. bought a new position in Eversource Energy in the 2nd quarter worth about $3,086,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Eversource Energy by 1.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,620,413 shares of the utilities provider’s stock valued at $478,457,000 after purchasing an additional 88,163 shares during the last quarter. Legal & General Group Plc purchased a new stake in Eversource Energy during the 2nd quarter valued at about $359,215,000. Deutsche Bank AG bought a new stake in Eversource Energy during the 2nd quarter valued at about $311,548,000. Finally, Hsbc Holdings PLC bought a new stake in Eversource Energy during the 2nd quarter valued at about $272,105,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a diversified energy delivery company that operates regulated electric and natural gas utilities in the northeastern United States. Its businesses provide electricity and natural gas distribution, electric transmission, and related energy infrastructure services to residential, commercial, and industrial customers.

Eversource’s electric operations serve customers across Connecticut, Massachusetts, and New Hampshire, while its natural gas distribution businesses operate primarily in Connecticut and Massachusetts.