Scotiabank Lowers Earnings Estimates for Eversource Energy

Eversource Energy (NYSE:ES) – Equities researchers at Scotiabank reduced their FY2026 EPS estimates for shares of Eversource Energy in a research note issued on Thursday, February 19th. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings of $4.86 per share for the year, down from their previous forecast of $5.02. Scotiabank has a “Sector Underperform” rating and a $63.00 price objective on the stock. The consensus estimate for Eversource Energy’s current full-year earnings is $4.75 per share. Scotiabank also issued estimates for Eversource Energy’s FY2027 earnings at $5.16 EPS.

A number of other research analysts also recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. UBS Group lowered their price target on Eversource Energy from $78.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. BMO Capital Markets upped their target price on shares of Eversource Energy from $75.00 to $79.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Stock Up 2.7%

Eversource Energy stock opened at $73.66 on Friday. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.64. The stock has a market cap of $27.66 billion, a PE ratio of 16.12, a P/E/G ratio of 3.08 and a beta of 0.77. The stock’s fifty day moving average is $68.89 and its two-hundred day moving average is $68.64.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of Eversource Energy by 8.9% during the first quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares during the period. Woodline Partners LP increased its stake in Eversource Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares during the period. Acadian Asset Management LLC raised its position in Eversource Energy by 115.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after buying an additional 801 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Eversource Energy by 27.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,146 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 901 shares during the period. Finally, Stephens Inc. AR boosted its holdings in shares of Eversource Energy by 0.5% in the second quarter. Stephens Inc. AR now owns 43,962 shares of the utilities provider’s stock valued at $2,797,000 after acquiring an additional 223 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.7875 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.15 annualized dividend and a yield of 4.3%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. Eversource Energy’s dividend payout ratio (DPR) is currently 65.86%.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.