Eversource Energy (NYSE:ES) – Analysts at KeyCorp issued their FY2019 earnings estimates for shares of Eversource Energy in a research report issued to clients and investors on Tuesday, June 4th, Zacks Investment Research reports. KeyCorp analyst S. Karp expects that the utilities provider will post earnings per share of $3.50 for the year. KeyCorp has a “Overweight” rating and a $80.00 price objective on the stock. KeyCorp also issued estimates for Eversource Energy’s FY2020 earnings at $3.69 EPS and FY2021 earnings at $3.85 EPS.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Morgan Stanley lifted their price objective on shares of Eversource Energy from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, June 14th. Barclays lifted their price objective on shares of Eversource Energy from $71.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 18th. UBS Group lifted their price objective on shares of Eversource Energy from $81.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, Credit Suisse Group set a $76.00 price objective on shares of Eversource Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $74.17.
Shares of ES traded down $0.13 during trading hours on Friday, reaching $77.40. 3,823,457 shares of the stock traded hands, compared to its average volume of 1,750,088. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.50 and a quick ratio of 0.44. Eversource Energy has a 52 week low of $55.88 and a 52 week high of $77.87. The firm has a market capitalization of $24.56 billion, a P/E ratio of 23.60, a PEG ratio of 4.00 and a beta of 0.26.
Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Eversource Energy had a net margin of 12.50% and a return on equity of 9.43%. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bremer Trust National Association purchased a new position in Eversource Energy during the fourth quarter valued at approximately $26,000. Covington Capital Management purchased a new position in Eversource Energy during the fourth quarter valued at approximately $26,000. Bremer Bank National Association purchased a new position in Eversource Energy during the first quarter valued at approximately $28,000. Certified Advisory Corp grew its stake in Eversource Energy by 114.8% during the fourth quarter. Certified Advisory Corp now owns 421 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 225 shares in the last quarter. Finally, Capital Financial Planning LLC purchased a new position in Eversource Energy during the fourth quarter valued at approximately $27,000. 73.73% of the stock is currently owned by institutional investors.
In other news, EVP Leon J. Olivier sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $72.95, for a total value of $510,650.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.37% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 23rd will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, May 22nd. Eversource Energy’s dividend payout ratio (DPR) is currently 65.24%.
Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.