What is Scotiabank’s Estimate for ES FY2026 Earnings?

Eversource Energy (NYSE:ES) – Analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of Eversource Energy in a report released on Wednesday, January 8th. Scotiabank analyst A. Weisel anticipates that the utilities provider will earn $5.12 per share for the year. Scotiabank currently has a “Sector Underperform” rating and a $56.00 price target on the stock. The consensus estimate for Eversource Energy’s current full-year earnings is $4.56 per share.

Several other equities research analysts have also weighed in on the company. Barclays increased their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Jefferies Financial Group started coverage on Eversource Energy in a report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 price target on the stock. Mizuho raised their price target on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets lowered their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $68.38.

Eversource Energy Price Performance

Shares of NYSE ES opened at $56.73 on Friday. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. The business’s fifty day moving average price is $60.07 and its two-hundred day moving average price is $62.89. The firm has a market capitalization of $20.79 billion, a PE ratio of -36.13, a P/E/G ratio of 2.38 and a beta of 0.62.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS.

Hedge Funds Weigh In On Eversource Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bangor Savings Bank boosted its position in shares of Eversource Energy by 41.2% in the 4th quarter. Bangor Savings Bank now owns 853 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 249 shares during the period. Pensionfund Sabic boosted its position in Eversource Energy by 36.6% during the 4th quarter. Pensionfund Sabic now owns 23,500 shares of the utilities provider’s stock worth $1,350,000 after acquiring an additional 6,300 shares during the period. Nordea Investment Management AB boosted its position in Eversource Energy by 41.7% during the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock worth $99,554,000 after acquiring an additional 510,582 shares during the period. JPMorgan Chase & Co. boosted its position in Eversource Energy by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,109 shares of the utilities provider’s stock worth $96,502,000 after acquiring an additional 13,908 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Eversource Energy by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 413,874 shares of the utilities provider’s stock worth $28,164,000 after acquiring an additional 17,654 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were paid a dividend of $0.715 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.86 annualized dividend and a yield of 5.04%. Eversource Energy’s dividend payout ratio is currently -182.17%.

About Eversource Energy

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.