Equities analysts forecast that Eversource Energy (NYSE:ES) will post earnings of $0.79 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Eversource Energy’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.77. Eversource Energy posted earnings per share of $0.74 during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The firm is expected to announce its next earnings results on Wednesday, July 29th.

On average, analysts expect that Eversource Energy will report full-year earnings of $3.64 per share for the current year, with EPS estimates ranging from $3.61 to $3.65. For the next financial year, analysts anticipate that the firm will post earnings of $3.88 per share, with EPS estimates ranging from $3.85 to $3.91. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Eversource Energy.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. Eversource Energy had a return on equity of 9.16% and a net margin of 11.02%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the business earned $0.97 EPS. Eversource Energy’s quarterly revenue was down 1.8% on a year-over-year basis.

Several brokerages have recently weighed in on ES. Morgan Stanley lowered their target price on Eversource Energy from $83.00 to $75.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. KeyCorp boosted their target price on Eversource Energy from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Citigroup lowered their target price on Eversource Energy from $88.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Tuesday, May 12th. Finally, BMO Capital Markets began coverage on Eversource Energy in a report on Wednesday, February 19th. They set an “outperform” rating and a $100.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $88.56.

In other Eversource Energy news, VP Jay S. Buth sold 1,330 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $86.67, for a total transaction of $115,271.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in Eversource Energy by 1.4% during the first quarter. HighTower Advisors LLC now owns 36,551 shares of the utilities provider’s stock worth $2,863,000 after purchasing an additional 509 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Eversource Energy by 0.7% during the first quarter. APG Asset Management N.V. now owns 2,221,888 shares of the utilities provider’s stock worth $173,774,000 after acquiring an additional 16,477 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Eversource Energy by 1.4% during the first quarter. Integrated Wealth Concepts LLC now owns 9,298 shares of the utilities provider’s stock worth $727,000 after acquiring an additional 130 shares during the period. Twinbeech Capital LP increased its position in shares of Eversource Energy by 398.5% during the first quarter. Twinbeech Capital LP now owns 23,554 shares of the utilities provider’s stock worth $1,842,000 after acquiring an additional 18,829 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Eversource Energy during the first quarter worth $692,000. Institutional investors own 81.45% of the company’s stock.

NYSE:ES traded down $0.25 during trading hours on Friday, hitting $79.15. 115,445 shares of the stock were exchanged, compared to its average volume of 1,896,192. Eversource Energy has a 52-week low of $60.69 and a 52-week high of $99.42. The firm’s fifty day moving average price is $82.52 and its 200 day moving average price is $84.86. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 1.05. The company has a market cap of $26.61 billion, a P/E ratio of 27.75, a P/E/G ratio of 3.51 and a beta of 0.36.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.5675 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, May 19th. Eversource Energy’s dividend payout ratio (DPR) is 65.80%.

About Eversource Energy

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.

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