KeyCorp Lowers Earnings Estimates for Eversource Energy

Eversource Energy (NYSE:ES) – Stock analysts at KeyCorp cut their FY2026 EPS estimates for Eversource Energy in a report released on Wednesday, July 22nd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $4.67 for the year, down from their previous estimate of $4.90. The consensus estimate for Eversource Energy’s current full-year earnings is $4.65 per share.

A number of other analysts have also recently commented on the company. Citigroup restated a “neutral” rating and issued a $81.00 price target on shares of Eversource Energy in a research report on Monday. BMO Capital Markets lowered their price objective on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company increased their target price on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Finally, Bank of America restated a “buy” rating and set a $72.00 target price on shares of Eversource Energy in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $72.58.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $75.42 on Monday. The stock has a market cap of $28.36 billion, a P/E ratio of 16.12, a P/E/G ratio of 4.94 and a beta of 0.70. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65. The stock’s fifty day moving average is $71.60 and its 200 day moving average is $70.66. Eversource Energy has a one year low of $61.53 and a one year high of $76.57.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were issued a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 dividend on an annualized basis and a yield of 4.2%. Eversource Energy’s dividend payout ratio (DPR) is currently 67.31%.

Insider Buying and Selling

In other news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Eversource Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lodestone Wealth Management LLC bought a new position in Eversource Energy in the 4th quarter worth approximately $25,000. Elevation Wealth Partners LLC raised its position in shares of Eversource Energy by 220.2% during the second quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider’s stock valued at $25,000 after buying an additional 240 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Eversource Energy by 2,337.5% in the fourth quarter. Activest Wealth Management now owns 390 shares of the utilities provider’s stock worth $26,000 after buying an additional 374 shares in the last quarter. TFC Financial Management Inc. lifted its holdings in shares of Eversource Energy by 2,857.1% in the fourth quarter. TFC Financial Management Inc. now owns 414 shares of the utilities provider’s stock worth $28,000 after buying an additional 400 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Eversource Energy during the fourth quarter worth $28,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Company Profile

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.