Eversource Energy (NYSE:ES) Releases Earnings Results, Beats Expectations By $0.01 EPS

Eversource Energy (NYSE:ES) announced its earnings results on Tuesday. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01, Zacks reports. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy updated its FY 2025 guidance to 4.520-4.600 EPS.

Eversource Energy Trading Down 2.9 %

NYSE ES opened at $59.68 on Thursday. The company’s 50 day moving average is $57.94 and its 200-day moving average is $62.70. Eversource Energy has a 12-month low of $53.76 and a 12-month 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.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is currently -182.17%.

Wall Street Analyst Weigh In

ES has been the subject of a number of research analyst reports. Barclays decreased their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Scotiabank cut shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and dropped their price target for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Monday. Jefferies Financial Group lowered their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.42.

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.