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

Eversource Energy (NYSE:ES) announced a quarterly dividend on Thursday, September 10th. Investors 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) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, September 21st.

Eversource Energy has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Eversource Energy has a payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. 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 ES opened at $68.99 on Friday. 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 business has a fifty day moving average of $72.58 and a 200 day moving average of $71.02. The company has a market cap of $25.98 billion, a PE ratio of 17.87, a P/E/G ratio of 3.06 and a beta of 0.69. Eversource Energy has a 52-week low of $62.89 and a 52-week high of $76.57.

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

Institutional Investors Weigh In On Eversource Energy

Several hedge funds have recently made changes to their positions in ES. Empowered Funds LLC lifted its stake in Eversource Energy by 8.9% in the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after acquiring an additional 1,319 shares during the period. Woodline Partners LP boosted its stake in shares of Eversource Energy by 40.8% during the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after purchasing an additional 8,984 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after buying an additional 801 shares during the period. Schnieders Capital Management LLC. increased its holdings in Eversource Energy by 87.9% during the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after buying an additional 27,332 shares during the period. Finally, Brown Advisory Inc. raised its stake in Eversource Energy by 4.6% in the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after buying an additional 349 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

About Eversource Energy

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.