Eversource Energy (NYSE:ES) declared a quarterly dividend on Tuesday, December 5th, RTT News reports. Stockholders of record on Monday, December 18th will be given a dividend of 0.475 per share by the utilities provider on Friday, December 29th. This represents a $1.90 annualized dividend and a dividend yield of 2.93%.

Eversource Energy has a dividend payout ratio of 60.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eversource Energy to earn $3.33 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 57.1%.

Eversource Energy (ES) traded down $0.60 on Tuesday, hitting $64.88. 2,019,634 shares of the stock traded hands, compared to its average volume of 1,432,547. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. Eversource Energy has a 1 year low of $51.53 and a 1 year high of $66.15. The stock has a market capitalization of $20,570.00, a PE ratio of 21.24, a price-to-earnings-growth ratio of 3.51 and a beta of 0.31.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. equities analysts predict that Eversource Energy will post 3.15 earnings per share for the current year.

In other Eversource Energy news, COO Werner J. Schweiger sold 10,098 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $64.68, for a total value of $653,138.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

A number of analysts have commented on ES shares. Williams Capital upped their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Morgan Stanley upped their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Credit Suisse Group upped their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.06.

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About Eversource Energy

Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

Dividend History for Eversource Energy (NYSE:ES)

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