Eversource Energy (NYSE:ES) is scheduled to be announcing its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.
Eversource Energy (NYSE ES) opened at $57.53 on Tuesday. Eversource Energy has a 1-year low of $55.20 and a 1-year high of $66.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market cap of $18,230.00, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.86 and a beta of 0.27.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 6th will be given a $0.505 dividend. The ex-dividend date is Monday, March 5th. This represents a $2.02 annualized dividend and a dividend yield of 3.51%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.48. Eversource Energy’s payout ratio is presently 61.69%.
Several equities research analysts have recently weighed in on ES shares. Zacks Investment Research
downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Citigroup downgraded shares of Eversource Energy from a “neutral” rating to a “sell” rating in a research report on Friday, February 2nd. Morgan Stanley dropped their target price on shares of Eversource Energy from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, February 2nd. Credit Suisse Group downgraded shares of Eversource Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $63.00 to $59.00 in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, UBS Group started coverage on shares of Eversource Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $66.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $63.63.
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Eversource Energy Company Profile
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, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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