Eversource Energy (NYSE:ES) – Analysts at Gabelli dropped their FY2018 earnings per share estimates for Eversource Energy in a report released on Monday, Zacks Investment Research reports. Gabelli analyst T. Winter now anticipates that the utilities provider will post earnings per share of $3.25 for the year, down from their prior estimate of $3.35. Gabelli also issued estimates for Eversource Energy’s FY2019 earnings at $3.45 EPS, FY2021 earnings at $3.95 EPS and FY2022 earnings at $4.13 EPS.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.01). The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Eversource Energy had a net margin of 12.74% and a return on equity of 9.03%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS.
Eversource Energy (NYSE:ES) opened at $56.68 on Tuesday. The firm has a market capitalization of $18,138.54, a PE ratio of 18.23, a price-to-earnings-growth ratio of 3.04 and a beta of 0.37. Eversource Energy has a 52 week low of $55.93 and a 52 week high of $66.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.69.
A number of hedge funds have recently bought and sold shares of the stock. Chemical Bank acquired a new stake in Eversource Energy in the 4th quarter worth about $203,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Eversource Energy by 4.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 27,850 shares of the utilities provider’s stock worth $1,760,000 after buying an additional 1,230 shares during the last quarter. Albion Financial Group UT acquired a new stake in Eversource Energy in the 4th quarter worth about $208,000. Xact Kapitalforvaltning AB boosted its holdings in Eversource Energy by 15.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 29,775 shares of the utilities provider’s stock worth $1,881,000 after buying an additional 3,909 shares during the last quarter. Finally, We Are One Seven LLC acquired a new stake in Eversource Energy in the 4th quarter worth about $134,000. Institutional investors own 73.85% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 6th will be issued a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 3.56%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 5th. Eversource Energy’s payout ratio is presently 64.95%.
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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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