Eversource Energy (NYSE:ES) to Post FY2025 Earnings of $4.85 Per Share, Seaport Res Ptn Forecasts

Eversource Energy (NYSE:ES) – Equities researchers at Seaport Res Ptn cut their FY2025 earnings per share (EPS) estimates for shares of Eversource Energy in a report released on Monday, July 29th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $4.85 per share for the year, down from their previous forecast of $4.87. The consensus estimate for Eversource Energy’s current full-year earnings is $4.57 per share. Seaport Res Ptn also issued estimates for Eversource Energy’s FY2026 earnings at $5.15 EPS and FY2027 earnings at $5.44 EPS.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. Eversource Energy’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS.

ES has been the subject of several other reports. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Scotiabank lowered their price objective on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Bank of America raised shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $61.00 price objective for the company in a research note on Tuesday, June 25th. Morgan Stanley lowered their price objective on shares of Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, Barclays boosted their price objective on shares of Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $66.43.

Eversource Energy Stock Down 1.6 %

ES stock opened at $64.89 on Tuesday. The stock has a market capitalization of $22.86 billion, a P/E ratio of -54.99, a PEG ratio of 2.48 and a beta of 0.59. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.68 and a current ratio of 0.77. Eversource Energy has a one year low of $52.03 and a one year high of $72.93. The company has a 50 day moving average price of $59.21 and a two-hundred day moving average price of $58.58.

Insider Buying and Selling

In other Eversource Energy news, VP Gregory B. Butler sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the transaction, the vice president now owns 63,808 shares in the company, valued at approximately $3,586,009.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $58.75, for a total value of $158,625.00. Following the transaction, the executive vice president now owns 10,272 shares in the company, valued at approximately $603,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total transaction of $562,000.00. Following the completion of the sale, the vice president now owns 63,808 shares in the company, valued at approximately $3,586,009.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eversource Energy

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Eversource Energy by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,650,143 shares of the utilities provider’s stock valued at $448,567,000 after purchasing an additional 353,171 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Eversource Energy by 65.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,868,360 shares of the utilities provider’s stock valued at $227,929,000 after purchasing an additional 1,524,341 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Eversource Energy by 12.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider’s stock valued at $177,823,000 after purchasing an additional 354,429 shares in the last quarter. Magellan Asset Management Ltd raised its stake in shares of Eversource Energy by 5.4% in the 4th quarter. Magellan Asset Management Ltd now owns 3,067,091 shares of the utilities provider’s stock valued at $189,301,000 after purchasing an additional 156,534 shares in the last quarter. Finally, ClearBridge Investments Ltd acquired a new stake in shares of Eversource Energy in the 1st quarter valued at about $156,093,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

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.