Eversource Energy (NYSE:ES) Updates FY 2025 Earnings Guidance

Eversource Energy (NYSE:ES) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.720-4.800 for the period, compared to the consensus earnings per share estimate of 4.750. The company issued revenue guidance of -.

Eversource Energy Stock Performance

Shares of Eversource Energy stock opened at $70.96 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. The business has a 50-day moving average price of $66.79 and a two-hundred day moving average price of $64.01. The company has a market cap of $26.33 billion, a P/E ratio of 30.45, a PEG ratio of 2.72 and a beta of 0.67. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $74.46.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the firm earned $0.95 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Eversource Energy has set its FY 2025 guidance at 4.670-4.820 EPS. As a group, analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a $0.7525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.01 annualized dividend and a yield of 4.2%. Eversource Energy’s payout ratio is currently 129.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ES. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Eversource Energy in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Eversource Energy in a report on Wednesday, October 8th. Bank of America raised their price target on shares of Eversource Energy from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Finally, Mizuho raised their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $64.38.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane purchased 3,780 shares of Eversource Energy stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the acquisition, the insider owned 12,033 shares in the company, valued at $795,020.31. This trade represents a 45.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Eversource Energy

Several large investors have recently made changes to their positions in ES. Man Group plc boosted its holdings in Eversource Energy by 131.6% during the second quarter. Man Group plc now owns 1,017,454 shares of the utilities provider’s stock worth $64,730,000 after buying an additional 578,230 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Eversource Energy by 168.6% in the second quarter. Adage Capital Partners GP L.L.C. now owns 899,034 shares of the utilities provider’s stock valued at $57,197,000 after buying an additional 564,300 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Eversource Energy by 8.5% in the second quarter. CANADA LIFE ASSURANCE Co now owns 722,886 shares of the utilities provider’s stock valued at $46,063,000 after buying an additional 56,386 shares during the last quarter. Alliancebernstein L.P. increased its position in Eversource Energy by 8.3% during the second quarter. Alliancebernstein L.P. now owns 516,242 shares of the utilities provider’s stock worth $32,843,000 after purchasing an additional 39,635 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in Eversource Energy by 3.9% during the second quarter. Raymond James Financial Inc. now owns 352,874 shares of the utilities provider’s stock worth $22,450,000 after purchasing an additional 13,290 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.